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In force since 2026-10-27, as the publisher states.
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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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4 provisions
Title and introductory text
2026 No. 1134
FINANCIAL SERVICES
The Central Counterparties (Equivalence) (Indonesia and the People’s Republic of China) Regulations 2026
Made
27th October 2026
Laid before Parliament
29th October 2026
Coming into force
19th November 2026
The Treasury, in exercise of the powers conferred by Articles 25(6) and 84a(2) of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories, make the following Regulations.
Propose a change1 Citation, commencement, extent and interpretation
(1) These Regulations may be cited as the Central Counterparties (Equivalence) (Indonesia and the People’s Republic of China) Regulations 2026.
(2) These Regulations come into force on 19th November 2026.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
(4) In these Regulations—
“EMIR” means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories;
“relevant regulatory authority” means a regulatory authority, specified in the second column of the table in the Schedule, which is responsible for the authorisation and supervision of CCPs in the third country specified in the same row of the table;
“specified CCP” means a CCP specified in the third column of the table in the Schedule;
“specified overseas jurisdiction” means a third country specified in the first column of the table in the Schedule.
Propose a change2 Equivalence
The Treasury specify that in respect of a specified overseas jurisdiction—
(a) the legal and supervisory arrangements of the specified overseas jurisdiction as implemented by the relevant regulatory authority ensure that specified CCPs authorised in that jurisdiction comply on an ongoing basis with legally binding requirements which are equivalent to the requirements laid down in Title IV of EMIR (requirements for CCPs);
(b) the specified CCPs are subject to effective supervision and enforcement on an ongoing basis by the relevant regulatory authority;
(c) the legal framework of the specified overseas jurisdiction as implemented by the relevant regulatory authority provides for an effective equivalent system for the recognition of CCPs authorised under legal regimes of other countries.
Propose a changeSchedule Overseas jurisdictions, regulatory authorities and CCPs specified for the purposes of regulation 2
Regulation 1
Specified overseas jurisdiction | Relevant regulatory authority | Specified CCP
The People’s Republic of China | The People’s Bank of China | A CCP that is established in the People’s Republic of China which is authorised by the People’s Bank of China to clear over the counter derivatives in the interbank market.
Indonesia | Bank Indonesia | A CCP that is established in Indonesia which has obtained a license, is authorised to conduct clearing activities in the money market and foreign exchange market and is supervised by Bank Indonesia.
Propose a change