On 12 March 2015, HM Treasury issued a call for evidence on recognised clearing houses as part of its work to consider how certain EU developments such as the Regulation on central securities depositories (CSD Regulation), and broader reforms and developments in financial markets, should fit within the existing approach to regulating market infrastructure providers.
HM Treasury has now published its response to that call for evidence which summarises the responses received and sets out the Government’s next steps on the issues raised, which include:
- considering further the activities of Model B clearers, and risk management companies providing margining and netting solutions; and
- taking forward the suggestion of a new Recognised Body status for CSDs (an RCSD) in the forthcoming consultation on implementing the CSD Regulation domestically.
View Recognised Clearing Houses: response to the call for evidence, 27 November 2015