Equivalence of non-EU financial frameworks - Europa
An equivalence decision may take the form of an implementing or delegated act, in accordance with what is envisaged in the corresponding equivalence provision in the basic act. The equivalence decision may stipulate whether equivalence is granted in full or partially whether it is granted for an indefinite period or with a time limit
on the equivalence of the regulatory framework for central
of OTC derivative transactions cleared in Chile represented less than 1% of the total value of OTC derivative transactions cleared in the Union. Therefore, participation in CCPs authorised in Chile exposes clearing members and trading venues established in the Union to significantly lower risks than their participation in CCPs authorised in the
Derivatives Clearing: EU adopts second equivalence decision
On 27 January 2025, the European Commission adopted an equivalence decision 1 determining that the legal and supervisory arrangements applicable to US central counterparties (CCPs) registered with
Derivatives / EMIR - Finance
Role of derivatives Derivatives play an important role in the economy, but they also bring certain risks. These risks were highlighted during the 2008 financial crisis, when significant weaknesses in the OTC derivatives markets became evident. In 2012 the EU adopted the European market infrastructure regulation (EMIR) EN . The aims were to
Third country equivalence in EU banking and financial regulation
monitoring results would feed into a potential review of an equivalence decision. Specifically, a review can be undertaken in response to a significant finding stemming from the monitoring exercise”. 3 Provisionally agreed by the co-legislators, final adoption and publication pending. Box 1: Example of equivalence decision for Swiss stock
- Are Equivalence decisions valid in India?
- However, the scope (e.g. full or partial) and nature (e.g. temporary or permanent) of equivalence decisions vary and must always be verified against the decision on equivalence for the particular jurisdiction concerned. Transitional regime for India only valid for reports on financial years starting before 1/4/2016.
- Are EC and CFTC mutually recognized?
- Last week the European Commission (EC) and the CFTC announcedmutual recognition of each other’s derivatives trading venues, fulfilling the Common Approach announced this October the 13th, 2017 by the two regulatory agencies.
- What did the EC and CFTC common approach announcement mean?
- The EC and CFTC Common Approach announcement on October by CFTC Chairman J. Christopher Giancarlo and EC Vice-President Valdis Dombrovskis, signified anequivalence decision. This mutual recognition of derivatives trading venues solidified the regulatory counter parties commitment to the G20 obligation.
- What does X mean in the equivalence overview table?
- This overview is purely for informational purposes and does not have any legal value. 'X' indicates that an equivalence decision is in place for a partiuclar jurisdiction at the time of the last update of the overview table.
- Which trading facilities are exempt from swap execution facilities (SEFs) registration?
- In return, On Friday, December 8th, 2017, the CFTC issued an order that certainmultilateral trading facilities (MTFs) and organized trading facilities (OTFs) authorized by the EU would be exempted from swap execution facilities (SEFs) registration with the CFTC.
