UK grants equivalence to RBI authorised clearing houses

“This is because the RBI requires CCPs it designates as an FMI to comply with the PFMIs (Principles on Financial Market Infrastructures). Accordingly, HM Treasury has determined that the RBI’s legal and supervisory framework, in relation to CCPs that the RBI has designated a FMI, meets the tests set out in paragraphs 6.2,” the documents read.

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