On 19 December 2018, the Bank of England (BoE) issued a statement welcoming the European Commission’s adoption of temporary equivalence decisions on the UK’s legal and supervisory framework for central counterparties (CCPs) and central securities depositories (CSDs). The BoE also states that practical arrangements to implement these equivalence decisions now need to be put in place. This includes agreeing the necessary cooperation and information-sharing arrangements between the BoE and the European Securities and Markets Authority (ESMA). The BoE has already confirmed to ESMA that it will provide information in line with its current obligations and those set out in the equivalence decisions.