PwC's Managing upstream risk: Regulatory reform review - An asian perspective November 2013 | Page 12
2.6 EMIR
CCP full name
Country
Update
ASX Clear (Futures) Pty Ltd.
Australia
BM&FBOVESPA S.A.
Brazil
Canadian Derivatives Clearing
Corporation
Canada
Chicago Mercantile Exchange Inc
US
Dubai Commodities Clearing
Corporation DMCC
Dubai
Fixed Income Clearing Corporation
US
Hong Kong Securities Clearing
Company Ltd.
Hong Kong
ICE Clear Credit LLC
US
ICE Clear Canada Inc.
Canada
ICE Clear U.S. Inc.
US
Indian Clearing Corporation limited
India
Japan Commodity Clearing House Co.
Japan
Japan Securities Clearing Corporation
Japan
Korea Securities Depository
Korea
LCH.Clearnet LLC
US
MCX-SX Clearing Corporation Ltd.
India
NASDAQ Dubai Limited
Dubai
National Securities Clearing Corporation
US
National Securities Clearing
Corporation Limited
India
Natural Gas Exchange Inc.
Canada
New York Portfolio Clearing LLC
US
New Zealand Clearing and
Depository Ltd.
New Zealand
Singapore Exchange Derivatives
Clearing Limited
Singapore
SIX x-clear Ltd.
Switzerland
The Clearing Corporation of India Ltd.
India
Korea Exchange Inc.
Korea
The Central Depository (Pte) Limited
Singapore
The Options Clearing Corporation
US
The Safex Clearing Company (Pty) Ltd.
South Africa
Tokyo Financial Exchange, Inc.
Japan
ESMA on 7 November 2013 approved the
registrations of the first four trade repositories
under EMIR. The following entities are
registered as TRs for the EU:
1. DTCC Derivatives Repository Ltd. (DDRL),
based in the United Kingdom;
2. Krajowy Depozyt Papierów Wartosciowych
S.A. (KDPW), based in Poland;
3. Regis-TR S.A., based in Luxembourg; and
4. UnaVista Ltd, based in the United Kingdom.
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The registration of these TRs means that they
can be used by the counterparties to a derivative
transaction to fulfil their trade reporting
obligations under EMIR. The registrations will
take effect on 14 November 2013, with the
reporting obligation beginning on 12 February
2014 (i.e. 90 calendar days after the official
registration date). The registered TRs cover all
derivative asset classes –commodities, credit,
foreign exchange, equity, inter-est rates and
others – irrespective of whether the contracts
are traded on or off exchange.
On 6 November 2013 the authority also
published a list of CCPs established in non-EEA
countries which have applied for recognition
under Article 25 of Regulation (EU) No
648/2012 of the EP and of the EC of 4 July 2012
on OTC Derivatives, CCPs and TRs. The table
below details the list of CCPs which applied.
According to a caveat published with the list,
the authority advised that the list may not
necessarily be exhaustive and remains subject to
further updates.
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