On Friday 16 December, the European Commission adopted decisions determining that India, Brazil, New Zealand, Japan (for raw materials), the United Arab Emirates (UAE) and the Dubai International Financial Centre (DIFC) have equivalent regulatory regimes for central counterparties (CCPs) to the European Union.
The Commission has also determined that the rules governing certain financial markets in Australia, Canada, Japan and Singapore can be deemed equivalent to those in the EU.
CCPs are...