On 10 February 2026, the European Securities and Markets Authority published the text of a Memorandum of Understanding between the Reserve Bank of India and ESMA concerning cooperation and the exchange of information for the recognition of central counterparties (CCPs).
The document, identified as ESMA91-2145765636-11273, states that the MoU is made on 24 January 2026 between the Reserve Bank of India and ESMA.
Scope of the cooperation arrangement
The MoU sets out terms of understanding between the RBI and ESMA related to central counterparties, including cooperation and information exchange arrangements.
The document references the EU recognition framework for third-country CCPs under EMIR and related EU measures.
Legal status and application
The MoU states that it does not create legally binding obligations and is intended to enable the signatories to fulfil their respective regulatory, supervisory, and oversight mandates.
Clearing infrastructure context
Central counterparties form part of the core clearing infrastructure of global derivatives markets. Cooperation arrangements of this kind are a prerequisite for third-country recognition under EMIR and are part of the broader framework governing cross-border clearing access in regulated financial markets.
