[MoU Malaysia] Memorandum of Understanding Related to ESMA’s Monitoring of the Ongoing Compliance with Recognition Conditions by CCPs established in Malaysia and supervised by the Securities Commission Malaysia

The European Securities and Markets Authority, ESMA, has published a Memorandum of Understanding (MoU) concluded between itself and the Securities Commission Malaysia, as regards the supervision of Malaysian central counterparties (CCPs). Therein, the regulators agree to closely cooperate on such supervision and exchange information – within legal limits – 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, so ESMA, is to facilitate an effective supervision of compliance with EU rules and regulations of Malaysian CCPs and also to ensure that the regulations of the Securities Commission Malaysia are and remain consistent with those in the EU as regards the supervision of CCPs. The agreement was signed on August 5, 2022.