No EC timeline yet for LCH equivalence decision

Commission may wait to see impact of active accounts rules, says official

European Commission
Photo: EmDee,

A European Commission representative has said it is “too early” to indicate when an announcement on LCH’s equivalence status beyond the June 2025 deadline will be made, indicating that the body wants to see the active account rules in action before moving forward.

The EC granted UK clearing houses temporary equivalence until June 30, 2025, after which the central counterparties (CCPs) will no longer be allowed to offer clearing services to EU firms. Most focus has been on LCH, which houses the

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