The European Securities and Markets Authority, ESMA, has published a Memorandum of Understanding (MoU) concluded between itself and the Superintendencia Financiera de Colombia (SFC), as regards the supervision of Colombian central counterparties (CCPs).
Therein, the regulators agree to closely cooperate on such supervision and exchange information on counterparties that are applying or have already applied for third-country recognition in the European Union or that have already been recognized as such. They also agree on a regular exchange of information pertaining to regulatory developments and supervisory efforts in the respective jurisdictions.
The purpose of the MoU is to facilitate an effective supervision of compliance with EU rules and regulations of Colombian CCPs and also to ensure that the regulations of the Superintendencia Financiera de Colombia are and remain consistent with those in the EU as regards the supervision of CCPs.
[ESMA91-398-6389 ] MoU between ESMA and SFC related to CCPs established in Colombia
ID
21877
Other Features
agreement
CCPs
clearing
commodities
cross-border cooperation
Derivatives
MoU
process
registration
risk
supervisory practices
third countries
trading
trading venues
Date Published: 2023-02-14
Regulatory Framework: European Market Infrastructure Regulation (EMIR)
Regulatory Type: agreement
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