On 31 January 2025, the European Commission issued a press release stating that it had adopted a decision to extend the equivalence for UK central counterparties for a period of three years until 30 June 2028. The extension is designed to provide time for the implementation of the European Market Infrastructure Regulation 3. The decision will be published in the Official Journal of the EU soon after adoption. It will enter into force immediately and apply from 1 July 2025, leaving no gap or uncertainty for EU market participants.

The Bank of England has issued a short statement welcoming the extension.