The Central Counterparties (Equivalence) Regulations 2026 published

The Central Counterparties (Equivalence) Regulations 2026 have been published, accompanied by an explanatory memorandum. Under Article 25(1) of the European Market Infrastructure Regulation (UK EMIR), certain overseas central counterparties (CCPs) may only provide clearing services to clearing members or trading venues established in the UK where that CCP is recognised by the Bank of England (BoE). In turn, the BoE is only able to recognise a CCP where HM Treasury (HMT) has determined that the legal and supervisory arrangements of the jurisdiction in which it operates are equivalent to those of the UK. These Regulations determine that the regulatory and supervisory regimes for CCPs in Australia, Japan, Hong Kong, India, the United Arab Emirates, South Africa and the United States (for CCPs under Securities and Exchange Commission (SEC) authorisation) are equivalent to the UK regime. The Regulations enter into force on 3 August.

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