EMIR: ESMA updates list of recognised third-country CCPs

ESMA has updated its list of recognised central counterparties (CCPs) to include six non-EU CCPs. ESMA has recognised the following entities:

• Dubai Commodities Clearing Corporation (DCCC);
• Clearing Corporation of India Ltd (CCIL);
• Nasdaq Dubai Ltd;
• Japan Commodity Clearing House Co., Ltd (JCCH);
• BM&FBovespa S.A., Brazil; and
• Nodal Clearing LLC, USA.

Under the European Market Infrastructure Regulation (EMIR), third country CCPs must be recognised by ESMA in order to operate in the EU.