Cabinet approves Signing of MoU between SEBI and European Securities and Markets Authority
The MoU is likely to establish cooperation arrangements as a precondition for ESMA to recognize Central Counter Parties (CCPs) established in India and supervised by SEBI to provide clearing services to clearing members or trading venues established in the European Union.
It will also provide ESMA with adequate tools to monitor the on-going compliance by the Covered CCPs with the Recognition Conditions.
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