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PRA offers modification by consent for indirect derivative client clearing

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Published on: 16 March 2022
Published by LNB News

LNB News 16/03/2022

Document Information

Issue Date: 16 March 2022

Published Date: 16 March 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA) has published a modification by consent (MBC) in respect of certain rules in the Liquidity (CRR) part of the PRA Rulebook. The MBC extends the carve-out that is applied to derivative client clearing activities, to capture situations in which firms face a clearing broker to clear client trades, rather than facing a qualifying central counterparty (QCCP) directly.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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