EU takes steps to avoid India clearing house lockout
Other Asian regulators may also have concerns about extraterritorial reach of Emir 2.2
Indian regulators may be one step closer to resolving a dispute with the European Union over derivatives clearing house recognition, thanks to proposed amendments to a key piece of EU legislation.
The European Securities and Markets Authority withdrew recognition for six Indian central counterparties (CCPs) on October 31, 2022, citing the lack of a memorandum of understanding (MoU) with Indian regulators. But sources say a new draft of the European Market Infrastructure Regulation (Emir)
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