The European Association of CCP Clearing Houses (EACH) published its response to the Bank of England’s consultation on the Bank’s approach to rule permissions and waivers, endorsing the overall proposals set out in the consultation paper and draft statement of policy. EACH argues the proposed approach appropriately balances effective rulemaking with supporting private-sector growth and innovation, and it agrees with the draft application form for permissions sought under section 138BA of the UK Financial Services and Markets Act 2000.
European Association of CCP Clearing Houses 2025-11-18
European Association of CCP Clearing Houses backs Bank of England proposals on rule permissions and waivers
The European Association of CCP Clearing Houses (EACH) has endorsed the Bank of England's proposals on rule permissions and waivers, as outlined in its consultation paper and draft statement of policy. EACH supports the balance between effective rulemaking and fostering private-sector growth and innovation, and concurs with the draft application form for permissions under section 138BA of the UK Financial Services and Markets Act 2000.