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EMIR: ESMA adds ICE Clear Europe to list of authorised CCPs

27/09/2016 Clifford Chance

ESMA has added ICE Clear Europe to its list of authorised central counterparties (CCPs) under EMIR. EMIR requires EU-based CCPs to be authorised and non-EU CCPs to be recognised in the EU. Authorised or recognised CCPs can then be used by EU firms to fulfil their clearing obligations.