On 6 June 2023, there was published on the legislation.gov.uk website The Central Counterparties (Equivalence) (India) (Reserve Bank of India) Regulations 2023. The Regulations specify that the legal and supervisory arrangements in relation to specified central counterparties (CCPs) authorised by the Reserve Bank of India (RBI) are equivalent to the UK’s corresponding regime. The determination of equivalence conferred by the Regulations fulfil one of the conditions for specified CCPs authorised by the RBI to receive recognition from the Bank of England. Upon being recognised by the Bank, overseas CCPs are able to provide clearing services to UK clearing members and trading venues.