FIN.

ESMA confirms three UK CCPs can be recognised to provide services to the EU

ESMA has announced that, in the event of a no-deal Brexit, LCH Limited, ICE Clear Europe Limited and LME Clear Limited will be recognised as equivalent.

The confirmation of equivalence for the purposes of EMIR follows an assessment will ensure the continued clearing of derivatives trades through these clearing houses.

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Roseyna Jahangir