Regulatory Alerts2021-01-27
Commission Implementing Decision (EU) 2021/85 of 27 January 2021 on the equivalence of the regulatory framework of the United States of America for central counterparties authorised and supervised by the US Securities and Exchange Commission
The European Commission issued Implementing Decision (EU) 2021/85 to recognize the equivalence of the US regulatory framework for central counterparties supervised by the Securities and Exchange Commission with EU requirements under Regulation (EU) No 648/2012. This decision allows US central counterparties to provide clearing services to EU members and trading venues, provided they comply with specific risk management standards regarding settlement periods and anti-procyclicality measures. The European Securities and Markets Authority is tasked with verifying that these entities adhere to the required internal rules and procedures to ensure effective supervision and compliance.
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