Derivatives Clearing: EU adopts second equivalence decision for US CCPs
By EsqSocial Corporation 01/02/21
On 27 January 2021, the European Commission adopted an equivalence decision determining that the legal and supervisory arrangements applicable to US central counterparties (CCPs) registered with the Securities and Exchange Commission (SEC) as “covered clearing agencies” (CCAs), are equivalent to the requirements in Title IV of the European Market Infrastructure Regulation (EMIR). The equivalence decision applies in relation to transactions in securities and derivative contracts that are based on...
By: Akin Gump Strauss Hauer & Feld LLP