Almost 40 non-EU CCPs awaiting Commission decisions on equivalence, says Clifford Chance report
The European Commission is expected to extend its own December deadline for making the necessary decisions to recognise more than three dozen non-EU central counterparties (CCPs) and trade repositories (TRs), despite “significant pressure” from third-country regulators, say City lawyers.
A recent report by Clifford Chance lists the current status of currently-approved EU CCPs and TRs as well as a “non-exhaustive” list of non-EU CCPs awaiting approval.
The European Commission is expected to extend its own December deadline for making the necessary decisions to recognise more than three dozen non-EU central counterparties (CCPs) and trade repositories (TRs), despite “significant pressure” from third-country regulators, say City lawyers.
A recent report by Clifford Chance lists the current status of currently-approved EU CCPs and TRs as well as a “non-exhaustive” list of non-EU CCPs awaiting approval.
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