The Central Counterparties (Equivalence) Regulations 2026
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Change 1
Schedule Overseas jurisdictions, regulatory authorities and CCPs specified for the purposes of regulation 2
Regulation 1 Part 1 Specified overseas jurisdictions, relevant regulatory authorities and specified CCPs Specified overseas jurisdiction | Relevant regulatory authority | Specified CCP Australia | Australian Securities and Investments Commission and the Reserve Bank of Australia | A CCP that is established in Australia which is regulated by the Australian Securities and Investments Commission and the Reserve Bank of Australia as an approved licensed domestic clearing and settlement facility. Hong Kong | Securities and Futures Commission | A CCP that is established in Hong Kong which is authorised by the Securities and Futures Commission as a recognised clearing house. India | Securities and Exchange Board of India | A CCP that is established in India which is regulated and supervised as a recognised clearing corporation by the Securities and Exchange Board of India. India | International Financial Services Centres Authority | A CCP that is established in India which operates as a recognised clearing house and is regulated and supervised by the International Financial Services Centres Authority. Japan | Japanese Financial Services Authority | A CCP that is established in Japan which is licensed and supervised by the Japanese Financial Services Authority. Japan | Ministry of Agriculture, Forestry and Fisheries and Ministry of Economy Trade and Industry | A CCP that is established in Japan which is licensed and supervised by the Ministry of Agriculture, Forestry and Fisheries and Ministry of Economy Trade and Industry. South Africa | Financial Sector Conduct Authority, the Prudential Authority and the South African Reserve Bank | A CCP that is established in South Africa which is licensed and supervised by the Financial Sector Conduct Authority, the Prudential Authority and the South African Reserve Bank as a clearing house. United Arab Emirates | Capital Market Authority | A CCP that is established in the United Arab Emirates which is licensed to undertake central clearing activities and is regulated by the Capital Market Authority. United Arab Emirates | Dubai Financial Services Authority | A CCP that is established in the United Arab Emirates which operates as a clearing house in or from the Dubai International Financial Centre and is regulated and supervised by the Dubai Financial Services Authority as an authorised market institution. United States of America | Securities and Exchange Commission | An SEC-registered CCP as defined in paragraph 1 of Part 2 to this Schedule, subject to paragraphs 2 and 3 of Part 2 to this Schedule. Part 2 Further provisions relating to the specification of the United States of America 1 In this Schedule— “regulated market” has the meaning given in Article 2(13) of MIFIR; “Regulatory Technical Standards” means Commission Delegated Regulation (EU) 153/2013 of 19 December 2012 supplementing Regulation (EU) of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties; “SEC” means the Securities and Exchange Commission of the USA; “SEC-registered CCP” means a CCP that is— established in the USA, and registered with the SEC as a clearing agency. “USA” means the United States of America. 2 An SEC-registered CCP specified in paragraph 3 is only specified for the purposes of regulation 2 where its internal rules and procedures include requirements equivalent to the following— (a) in relation to all derivative contracts, at least one of the three options set out in paragraphs (a) to (c) of Article 28(1) (procyclicality) of the Regulatory Technical Standards, (b) in relation to derivative contracts executed on a regulated market, the requirement in Article 26(1)(b) (time horizons for the liquidation period) of the Regulatory Technical Standards, and (c) the requirement in Article 43(2) of EMIR (financial resources) relating to the default fund referred to in Article 42 and the other financial resources referred to in Article 43(1). 3 The SEC-registered CCPs to which the condition in paragraph 2 applies are— (a) Fixed Income Clearing Corporation, the company registered with the SEC with Central Index Key 000123861. (b) ICE Clear Credit LLC, the company registered with the SEC with Central Index Key 0001559962.
Schedule Overseas jurisdictions, regulatory authorities and CCPs specified for the purposes of regulation 2
Regulation 1 Part 1 Specified overseas jurisdictions, relevant regulatory authorities and specified CCPs Specified overseas jurisdiction | Relevant regulatory authority | Specified CCP Australia | Australian Securities and Investments Commission and the Reserve Bank of Australia | A CCP that is established in Australia which is regulated by the Australian Securities and Investments Commission and the Reserve Bank of Australia as an approved licensed domestic clearing and settlement facility. Hong Kong | Securities and Futures Commission | A CCP that is established in Hong Kong which is authorised by the Securities and Futures Commission as a recognised clearing house. India | Securities and Exchange Board of India | A CCP that is established in India which is regulated and supervised as a recognised clearing corporation by the Securities and Exchange Board of India. India | International Financial Services Centres Authority | A CCP that is established in India which operates as a recognised clearing house and is regulated and supervised by the International Financial Services Centres Authority. Japan | Japanese Financial Services Authority | A CCP that is established in Japan which is licensed and supervised by the Japanese Financial Services Authority. Japan | Ministry of Agriculture, Forestry and Fisheries and Ministry of Economy Trade and Industry | A CCP that is established in Japan which is licensed and supervised by the Ministry of Agriculture, Forestry and Fisheries and Ministry of Economy Trade and Industry. South Africa | Financial Sector Conduct Authority, the Prudential Authority and the South African Reserve Bank | A CCP that is established in South Africa which is licensed and supervised by the Financial Sector Conduct Authority, the Prudential Authority and the South African Reserve Bank as a clearing house. United Arab Emirates | Capital Market Authority | A CCP that is established in the United Arab Emirates which is licensed to undertake central clearing activities and is regulated by the Capital Market Authority. United Arab Emirates | Dubai Financial Services Authority | A CCP that is established in the United Arab Emirates which operates as a clearing house in or from the Dubai International Financial Centre and is regulated and supervised by the Dubai Financial Services Authority as an authorised market institution. United States of America | Securities and Exchange Commission | An SEC-registered CCP as defined in paragraph 1 of Part 2 to this Schedule, subject to paragraphs 2 and 3 of Part 2 to this Schedule. Part 2 Further provisions relating to the specification of the United States of America 1 In this Schedule— “regulated market” has the meaning given in Article 2(13) of MIFIR; “Regulatory Technical Standards” means Commission Delegated Regulation (EU) 153/2013 of 19 December 2012 supplementing Regulation (EU) of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties; “SEC” means the Securities and Exchange Commission of the USA; “SEC-registered CCP” means a CCP that is— established in the USA, and registered with the SEC as a clearing agency. “USA” means the United States of America. 2 An SEC-registered CCP specified in paragraph 3 is only specified for the purposes of regulation 2 where its internal rules and procedures include requirements equivalent to the following— (a) in relation to all derivative contracts, at least one of the three options set out in paragraphs (a) to (c) of Article 28(1) (procyclicality) of the Regulatory Technical Standards, (b) in relation to derivative contracts executed on a regulated market, the requirement in Article 26(1)(b) (time horizons for the liquidation period) of the Regulatory Technical Standards, and (c) the requirement in Article 43(2) of EMIR (financial resources) relating to the default fund referred to in Article 42 and the other financial resources referred to in Article 43(1). 3 The SEC-registered CCPs to which the condition in paragraph 2 applies are— (a) Fixed Income Clearing Corporation, the company registered with the SEC with Central Index Key 000123861. (b) ICE Clear Credit LLC, the company registered with the SEC with Central Index Key 0001559962.
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