2021-01-27
Added · Updated
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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