ESMA has entered into MoUs under EMIR with a number of authorities in Canada and Switzerland. The MoUs set out the co-operation arrangements between ESMA and the authorities regarding CCPs that are established in these non-EU jurisdictions and have applied to ESMA for recognition under Article 25 of EMIR. As well as establishing these arrangements, the MoUs provide ESMA with adequate tools to monitor the on-going compliance by the CCPs with the recognition conditions in Article 25. The MoUs are effective as of 30 November 2015, with the exception of the MoU with the Ontario Securities Commission, which will enter into force in Ontario on endorsement by the respective Ministry in accordance with local legislation.