LCH.Clearnet Limited Receives EMIR Approval

michael-davie
The multi-national clearing house LCH.Clearnet Group is majority owned by the London Stock Exchange Group.

The announcement arrived shortly after LCH.Clearnet SA, the organization's French equivalent, received approval from the French regulatory body L'Autorité de Contrôle Prudentiel et de Résolution (ACPR), which also approved the interoperability arrangement with the Italian central counterparty, CC&G.

"We are delighted with this affirmation that our services are fully compliant under the EMIR rules," says Michael Davie, CEO of LCH.Clearnet. "We have worked diligently with our regulators, our members, and their clients to develop best-in-class solutions to meet the requirements, and we remain fully committed to supporting the market as the European clearing mandates evolve."

 

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