The European Securities and Markets Authority (ESMA) has recognised The Clearing Corporation of India Limited (CCIL) as a Tier 1 third-country central counterparty (CCP) under the European Market Infrastructure Regulation (EMIR).
The recognition allows CCIL to provide clearing services to EU clearing members and trading venues, including banks, investment firms, and other counterparties.
ESMA’s decision is based on CCIL’s fulfillment of the conditions set out in EMIR. These include the existence of an equivalence decision adopted by the European Commission for the regulatory framework applicable to CCPs in India, effective supervision and enforcement by the Reserve Bank of India (RBI), and the establishment of cooperation arrangements between ESMA and RBI.
Earlier this year ESMA has signed a Memorandum of Understanding with the RBI.
The recognition of CCIL took effect on 30 June 2026 and the CCP has been included in ESMA’s updated list of third-country CCPs recognised to offer services in the Union.
