The European Securities and Markets Authority has recognised The Clearing Corporation of India Limited as a Tier 1 third-country central counterparty under the European Market Infrastructure Regulation. The decision allows CCIL to provide clearing services to EU clearing members and trading venues, including banks, investment firms and other counterparties. The recognition took effect on 30 June 2026, and CCIL has been added to ESMA’s list of recognised third-country CCPs that may offer services in the Union. ESMA based the recognition on CCIL meeting the conditions set out in EMIR. Those conditions included a European Commission equivalence decision for the regulatory framework applicable to CCPs in India, effective supervision and enforcement by the Reserve Bank of India, and cooperation arrangements between ESMA and the Reserve Bank of India. ESMA had signed a memorandum of understanding with the Reserve Bank of India earlier in 2026.
European Securities and Markets Authority2026-07-01
European Securities and Markets Authority recognises India's CCIL as Tier 1 third-country CCP under EMIR
The European Securities and Markets Authority has recognised The Clearing Corporation of India Limited as a Tier 1 third-country CCP under EMIR, effective 30 June 2026. This allows CCIL to provide clearing services to EU clearing members and trading venues. ESMA said the decision was based on India’s equivalence framework, Reserve Bank of India supervision and ESMA-RBI cooperation arrangements.