Lobbyists plead with European Commission for UK CCP extension

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By GlobalCapital
14 Nov 2019

A 14-strong group of trade associations have co-authored a letter asking the European Commission to grant UK central counterparties (CCPs) urgent extensions to their temporary equivalence determinations.

The letter addressed to Commission vice president Valdis Dombrovskis highlighted the need for an urgent extension to the temporary equivalence determination for UK CCPs, which expires on March 30, 2020.

The associations say that without such an extension, European Union clearing members would not be able to continue ...

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