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Friday, 21 July 2017

SEBI inks pact with ESMA for information exchange on CCPs


Markets regulator SEBI has entered into a pact with the European Securities and Markets Authority (ESMA) for exchange of information concerning Central Counterparties (CCPs). CCPs are entities that help facilitate clearing and settlement activities. 

The MoU establishes cooperation arrangements, including exchange of information regarding CCPs which are established and authorised or recognised in India by SEBI and which have applied for EU recognition under EMIR.

Important Takeaways from Above News-
  • Headquarter of SEBI is in Mumbai.
  • Present chairman of SEBI is Ajay Tyagi.

Source- Business Standard

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