ESMA has published its second set of advice to the Commission on the equivalence of key aspects of third country regulatory regimes to EMIR. The latest advice recommends equivalence in each key area for Australia, Canada, Singapore, South Korea and India. ESMA still cannot make a recommendation in respect of certain aspects of the Hong Kong and Swiss regimes, as these jurisdictions are still finalising their laws. ESMA has published reports and supplementary reports to support its recommendations. (Source: ESMA Publishes Second EMIR Equivalence Advice)