Regulatory Alerts2021-03-31
Joint Communication 1 of 2021: Central Counterparty Licence Application Requirements
The Financial Sector Conduct Authority and Prudential Authority published Joint Standard 1 of 2021 to prescribe licensing requirements for Central Counterparty applicants under the Financial Markets Act, 2012. Applicants must submit specific administrative and founding documentation, compensation fund details, and proof of regulatory compliance to secure a licence. Effective immediately upon publication on 31 March 2021, the standard is accompanied by a consultation report and impact statement outlining its operational framework.
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