BoE and ESMA agree MoU

As part of the Brexit preparations, the BoE and ESMA have published an MoU setting out cooperation and information-sharing arrangements in relation to CCPs and CSDs.

This agreement, and the adoption by the EC of temporary equivalence decisions for UK CCPs and CSDs, will facilitate continued recognition of UK CCPs and CSDs and their continued ability to provide services respective to EU clearing members, trading venues and to provide notary and settlement services for EU securities.