ESMA publishes MoU with South Africa’s Financial Sector Conduct Authority, Prudential Authority and the South African Reserve Bank related to CCPs established in South Africa

Article summary

The European Securities and Markets Authority (ESMA) has published a memorandum of understanding (MoU) that it has entered into with South Africa’s Financial Sector Conduct Authority, Prudential Authority and the South African Reserve Bank related to central counterparties (CCPs) established in South Africa. By signing the MoU the authorities affirm their willingness to co-operate and exchange information to proportionately fulfil their respective supervisory and regulatory responsibilities with respect to the CCPs established in South Africa that have applied or that may apply to ESMA for recognition as third-country CCPs or that are already recognised by ESMA as third-country CCPs (Covered CCPs), pursuant to Article 25 of the EU European Markets Infrastructure Regulation (Regulation (EU) No 648/2012) (EU EMIR).