European pension funds must start clearing next year – EC

Exemption preventing pension funds from mandatory clearing will come to an end permanently in June 2023

June-2023-deadline montage

The European Commission says there will be no attempts to further extend the exemption for Europe’s pension funds from mandatory clearing, and that the funds will have to begin clearing trades from June next year.

The European Market Infrastructure Regulation gave a temporary carve-out to pension scheme arrangements, or PSAs, from mandatory clearing that has been rolled over repeatedly since clearing came into force for other financial firms in phases from 2016. The final extension possible

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