02/11/2022 (Agence Europe) – On Monday 31 October, the European Securities and Markets Authority (ESMA) announced that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn under the EMIR (648/2012) governing market infrastructures. These are the Clearing Corporation of India (CCIL), supervised by the Reserve Bank of India (RBI); the Indian Clearing Corporation Limited (ICCL), NSE Clearing Limited (NSCCL), Multi Commodity Exchange Clearing (MCXCCL), supervised by the Securities and Exchange Board of India (SEBI); India International Clearing Corporation (IFSC) Limited (IICC) and NSE IFSC Clearing Corporation Ltd (NICCL), supervised by the International Financial Services Centre Authority (IFSCA). ESMA stated that no cooperation agreement was concluded with the Indian authorities mentioned. To mitigate the negative impact on EU market participants, ESMA will postpone implementing the withdrawal decisions until 30 April 2023. (AD)