ESMA - EU Securities Markets RSix #CentralCounterparties established in India 🇮🇳 will have their recognition decisions withdrawn in accordance with #EMIR → https://europa.eu/!fGq7mk.
🚫 They will no longer be able to provide services to #clearing members and trading venues established in the EU.
ESMA to withdraw the recognition decisions of six Indian CCPs
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today announces that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn in accordance with the European Market Infrastructure Regulation (EMIR).