ESMA has entered into MoUs under EMIR with the following counterparties: (i) the Financial Services Board (South Africa), which entered into force on 30 November 2015; and (ii) Comisión Nacional Bancaria y de Valores (Mexico), which entered into force on 25 January 2016. 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.