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ESMA expands recognised third-country CCP list to include Indonesia’s KPEI
27 October 2023 Indonesia
Reporter: Lucy Carter

PT Kliring Penjaminan Efek Indonesia was recognised as a Tier 1 CCP under EMIR Article 25 on 19 October 2023.

ESMA’s Dubai CCP decision suspended by ESA
27 October 2023 Europe
Reporter: Lucy Carter

ESMA made the decision based on the inclusion of the United Arab Emirates on the high-risk third countries list included in the Commission Delegated Regulation

ESMA launches Commission Delegated Regulation revision consultation
13 October 2023 Europe
Reporter: Lucy Carter

The proposals regard fees charged to Tier 1 third country central counterparties under the European Market Infrastructure Regulation

Abu Dhabi Pension Fund picks Northern Trust for custody services
03 October 2023 United Arab Emirates
Reporter: Jenna Lomax

Abu Dhabi Pension Fund has selected Northern Trust to provide its global custody and alternative asset administration services, effective 1 January 2024

Trade associations publish joint statement on EMIR 3.0
07 September 2023 Belgium
Reporter: Klea Neza

The EMIR 3.0. proposals are currently being debated by co-legislators in the European Parliament and Council

Komainu granted operating licence by VARA in Dubai
23 August 2023 UAE
Reporter: Jenna Lomax

The licence will allow Komainu to offer its full suite of custody services, including institutional staking and collateral management via its Komainu Connect platform to clients in the Emirate

FCA publishes draft amendments to validation rules of SFTR
04 August 2023 UK
Reporter: Jenna Lomax

The draft amendments have been put forward to support the ongoing reporting of securities financing transactions under the post-Brexit UK version of SFTR

ESMA withdraws third-country recognition from UAE CCPs
26 July 2023 EU
Reporter: Bob Currie

The European Commission has highlighted “strategic deficiencies” in the UAE’s anti-money laundering and counter financing of terrorism regime and added the jurisdiction to its list of high-risk countries on 16 March 2023

Acuiti launches the Asset Management Expert Network
13 July 2023 UK
Reporter: Jenna Lomax

Acuiti Expert Networks will provide senior executives with a virtual forum in which they can gauge sentiment and benchmark approaches to common challenges

UK government proposes changes to short selling rules
12 July 2023 UK
Reporter: Bob Currie

This announcement extends HMT proposals advanced under the December 2022 “Edinburgh Reforms” that are designed to exploit the UK’s exit from the European Union to develop its own UK-tailored financial services legislation

ESMA releases its fifth CCP stress testing exercise
01 June 2023 EU, UK
Reporter: Bob Currie

In line with ESMA’s legal mandate under EMIR, this exercise will assess the resilience of CCPs to adverse market shocks and the danger that failure of a CCP or clearing member can propagate risk across the financial system

IQ-EQ opens office in UAE
30 March 2023 UAE
Reporter: Jenna Lomax

IQ-EQ is to open its first office in Dubai, United Arab Emirates (UAE), as part of an effort to expand its presence in the Middle East and build on its support for clients in the region