The European Commission has agreed a common approach with the CFTC on requirements for transatlantic CCPs, which will ensure that EU CCPs will be able to do business in the US more easily and that US CCPs can continue to provide services to EU companies. To implement the agreement: (i) the Commission intends to shortly propose for adoption an equivalence decision under EMIR with respect to CFTC requirements for US CCPs, which will allow ESMA to recognise US CCPs wanting to serve EU markets as soon as practicable; (ii) the CFTC will propose a determination of comparability with respect to EU requirements and streamline the registration process for EU CCPs wishing to register with it; and (iii) the Commission will shortly propose the adoption of an equivalence decision to determine that US trading venues are equivalent to regulated markets in the EU. This will provide a level playing field between EU and US trading venues for the purposes of MiFID.