ESA’s Joint Board of Appeal suspends the decision by the European Securities and Markets Authority to withdraw the recognition decision of Dubai Commodities Clearing Corporation as a Tier 1 third-country central counterparties 

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25 October 2023

Metadata
Provider: 
EBAEBA
URL: 
https://www.eba.europa.eu/esa%E2%80%99s-joint-board-appeal-suspends-decision-european-securities-and-markets-authority-withdrawhttps://www.eba.europa.eu/esa%E2%80%99s-joint-board-appeal-suspends-decision-european-securities-and-markets-authority-withdraw
Retrieved on: 
Thursday, November 9, 2023
Information
Tags: 
European Securities and Markets Authority, Taith Joint Board, United Arab Emirates, CCP, DCCC, European Data Protection Board, Board, EMIR, EU
Geotags: 
UAE
Summary
Key Points: 
  • 25 October 2023
    The Joint Board of Appeal (“the Board”) of the European Supervisory Authorities (“ESAs”) decided that the application for suspension brought by Dubai Commodities Clearing Corporation (“DCCC”) against the European Securities and Markets Authority (“ESMA”) is admissible and suspends the ESMA Decision.
  • DCCC challenged ESMA’s Decision, asking the Board to extend the adaptation period and to suspend the withdrawal Decision until the outcome of the appeal is concluded.
  • The Board finds that the appeal case is admissible and suspends the ESMA Decision.
  • Franca Rosa Congiu
    [email protected] | +33 1 86 52 7052 | Follow @EBA_News
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