<h1>India's SEBI to Sign MoU with ESMA for CCPs Recognition and Compliance in EU Markets.</h1> The Union Cabinet, led by the Prime Minister, approved the Securities and Exchange Board of India (SEBI) to sign a Memorandum of Understanding with the European Securities and Markets Authority (ESMA) for mutual cooperation. This agreement aims to facilitate ESMA's recognition of Central Counter Parties (CCPs) in India, allowing them to offer clearing services to EU-based clearing members or trading venues. Additionally, the MoU will provide ESMA with necessary tools to ensure ongoing compliance by the CCPs with recognition conditions.