Regulatory Alerts2012-11-09
Order ECC/2405/2012 authorizing MEFF to act as a Central Counterparty for fixed-income securities and amending its regulations
The Spanish Ministry of Economy and Competitiveness, following favorable reports from the CNMV and Bank of Spain, authorizes MEFF Sociedad Rectora de Productos Derivados, S.A.U. to perform central counterparty activities for fixed-income securities transactions. This authorization includes the approval of MEFF's regulatory addenda and the General Conditions for contracts involving Spanish public debt and guaranteed debt. The order mandates that MEFF adhere to specific capital, margin, and operational requirements to ensure market stability and proper risk management.
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