The proposed start of the clearing obligation may also feed into the European Union’s broader clearing strategy, an ongoing endeavour to build clearing capacity within the Union and to reduce reliance on UK CCPs, to which ending the exemption can contribute.
Next steps
Based on ESMA’s recommendation, the EC will decide on whether to grant the suggested extension of the exemption until June 2023.
Further information:
Dan Nacu-Manole
Communications Officer
✆ +33 (0)1 58 36 52 06