INTERNATIONAL: Cboe Clear Europe Receives Permanent Recognition as a Non-UK Central Counterparty

Friday January 13 2023

On 12^th January 2023, Cboe Global Markets, Inc. (Cboe: CBOE) announced that Cboe Clear Europe has received permanent recognition by the Bank of England to operate as a central counterparty (CCP) in the UK. This recognition was effective from January 10^th 2023, and applies to cash equities and equity derivatives.

Cboe Clear Europe, which is an EU-authorised CCP under the European Market Infrastructure Regulation (EMIR), is the first non-UK CCP to achieve permanent recognition by the Bank of England. Since the end of the Transition Period between the UK and EU in 2020, it has been a participant in the UK’s Temporary Recognition Regime for non-UK CCPs, which allowed it to continue to offer cash equity clearing to UK clearing participants and trading venues while it sought permanent recognition under the UK regime.

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