The BOE recognises the "primacy" of the RBI in supervising India-based CCPs and agrees to rely on home country regulation and supervision.
December 4, 2023Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.
September 7, 2023Issuers of listed non-convertible securities, securitised debt instruments and security receipts must obtain and report their LEI by 1 September.
May 4, 2023So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.
May 3, 2023French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.
February 22, 2023Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.
February 21, 2023The RBI said it is engaging with European regulators and discussing "alternate arrangements" to avert a market disruption that could result from ESMA's derecognition of Indian CCPs.
January 6, 2023ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
November 14, 2022EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.
November 1, 2022ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.
October 25, 2022