Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Financial Stability > Recognised Clearing Houses
 

Recognised Clearing Houses

Recognised clearing houses are supervised by the Bank of England (the Bank) under Part 18 of the Financial Services and Markets Act 2000. Recognition confers a limited exemption from the need to be authorised under Part 4A of that Act to carry on regulated activities.

Recognised Central Counterparties

 

Recognised central counterparties must comply with the requirements laid down in EU Regulation 648/2012 (European Market Infrastructure Regulation (EMIR)), directly applicable regulations made under EMIR, and the recognition requirements set out in Part 5 and 6 of the Schedules to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001. 

Name
ICE Clear Europe Limited - press link for more information
LCH Limited - press link for more information
​LME Clear Limited - press link for more information
 

Information on UK recognised central counterparties is also available on the European Securities and Markets Authority (ESMA) website, under external links. Details of the authorised activities of non-UK CCPs that have been either authorised or recognised under EMIR are available on the ESMA website.

Recognised Clearing Houses which are not Recognised Central Counterparties


Recognised clearing houses which are not recognised central counterparties must comply with the recognition requirements in Part 3 and 4 of the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001.

Name
Euroclear UK & Ireland Limited - press link for more information
 
 
 

Recognised Overseas Clearing Houses


Recognised overseas clearing houses (ROCHs) must satisfy the requirements of section 292(3) of the Financial Services and Markets Act 2000. Since 1 April 2013 a body applying for ROCH status may not be a central counterparty.
 
​Name
None


Overseas central counterparties granted an Order under 170B of Companies Act 1989

The Bank may make an order recognising that the relevant provisions of the default rules of an European Economic Area (EEA) central counterparty or third country central counterparty satisfy the requirement in paragraph 34(2) of Part 6 of the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001 relating to the portability of client accounts.
 
Name
​None
Top of Page
 
ICE Clear Europe Limited 
 
Status: Recognised
Initial authorisation2: 19 September 2016
Address: 5th Floor
Milton Gate
60 Chiswell Street
London
EC1Y 4SA
Phone: +44 (0)20 7065 7600
Email: ICEHelpdesk@theice.com
Website:
Authorised services or activities:
 
Penalties imposed for breaches of EMIR:
Top of Page
 2 Previously recognised as a recognised clearing house since 15 May 2008.

 

LCH Limited
 
Status: Recognised
Initial authorisation3: 12 June 2014
Latest variation: 21 July 2016
Address: Aldgate House
33 Aldgate High Street
London
EC3N 1EA
Phone: +44 (0)20 7426 7000
Website:
Authorised services or activities:

LCH authorised services and activities 

Classes of OTC derivatives that LCH Limited has been authorised to clear as notified to ESMA under Regulation 648/2012  

Penalties imposed for breaches of EMIR:
Top of Page
 3 Previously recognised as a recognised clearing house since 22 November 2001.
 

 
 

LME Clear Limited

 
Status:
Recognised
Initial authorisation:
3 September 2014
Address:
10 Finsbury Square
London
EC2A 1AJ
Phone:
+44 (0)20 7113 8888
Email: lmeclearing@lme.com
Website: www.lme.com
Authorised services or activities:
Penalties imposed for breaches of EMIR:
Top of Page
 

Recognised Clearing Houses which are not Recognised Central Counterparties

 

Euroclear UK & Ireland Limited
 
Status: Recognised
Effective date: 23 November 2001​
Address: 33 Cannon Street
London
EC4M 5SB
Phone: +44 (0)20 7849 0000
Fax: +44 (0)20 7849 0130
Email: client_service_london@euroclear.com
Website: www.euroclear.com/en.html
Top of Page

De-recognised Clearing houses

CME Clearing Europe Limited

Status: De-recognised​
​Initial authorisation: 4 August 2014
​De-authorisation date 12 October 2017
​Website: www.cmegroup.com/europe/clearing-europe
 
 
 
 

 
 
 
 

 

 
 
 
Share