On June 6, 2016, the US Commodity Futures Trading Commission announced the signing of a Memorandum of Understanding with the European Securities and Markets Authority regarding cooperation with respect to recognized central counterparties. Pursuant to the MOU, derivatives clearing organizations established in the United States may apply to ESMA for recognition as central counterparties, known as “Recognized CCPs.”

The text of the MOU is available at:

http://www.cftc.gov/idc/groups/public/@internationalaffairs/documents/file/cftc-esma-clearingmou060216.pdf