The European Securities and Markets Authority confirmed it will maintain the recognition of LCH Limited and LME Clear Limited, two United Kingdom established central counterparties, under the European Market Infrastructure Regulation (EMIR). ESMA also confirmed their existing tiering, keeping LCH Limited as a Tier 2 CCP and LME Clear Limited as a Tier 1 CCP, with the decisions applicable until 30 June 2028. The outcome follows an assessment required under Article 25(5)(b) EMIR to verify whether the conditions for their original recognition continue to be met in light of recent regulatory, market and business developments. ICE Clear Europe Limited was excluded from the review because its tiering and recognition were reviewed and confirmed in 2023.
European Securities and Markets Authority 2025-12-16
European Securities and Markets Authority maintains EMIR recognition of UK CCPs LCH Limited and LME Clear Limited through 30 June 2028
The European Securities and Markets Authority (ESMA) will maintain the recognition of LCH Limited and LME Clear Limited, UK-based central counterparties, under the European Market Infrastructure Regulation (EMIR) until 30 June 2028. LCH Limited remains a Tier 2 CCP, while LME Clear Limited is confirmed as Tier 1. ICE Clear Europe Limited was not included in this review, having been assessed in 2023.