FRANCE: the AMF publish approved amendments to the operating rules of LCH.Clearnet SA

Tuesday April 15 2014

The Autorité des Marchés Financiers (AMF) have published a decision from 20 March 2014 concerning amendments to the operating rules of the clearing and settlement system for financial instruments LCH. Clearnet SA regarding their compliance with European Regulation n ° 648/2012 (EMIR).

The amendments include the introduction of a total cancellation mechanism in case of failure of the clearing, the measures in the event of contractual default and deleting provisions relating to inter-dealer brokers (inter dealer broker).

Click on the above link for further details. (Only available in French)