sISDA and eight other trade associations sent a letter to Commissioner Mairead McGuiness, requesting that the European Commission (EC) extend its equivalence decision for UK central counterparties.
They
represent a broad group of market participants (the Association for
Financial Markets in Europe, the Alternative Investment Management
Association, the European Association of Public Banks, the European
Banking Federation, the European Fund and Asset Management Association,
the Futures Industry Association, the Investment Company Institute and
the asset management group of the Securities Industry and Financial
Markets Association)
This equivalence decision is set to expire on June 30, 2022, although
the associations request that the EC provide clarity as soon as
possible and well in advance of March 2022 in order to prevent negative
financial, commercial, operational and level playing-field effects on EU
counterparties and clearing members and to enable continued access to
global pools of liquidity after June 30, 2022.
ISDA
© ISDA - International Swaps and Derivatives Association
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