Paper on the Obligations of Central Counterparties and their Clearing Members under Part VII of the Companies Act 1989
This paper addresses the uncertainty that would be caused by a proprietary challenge to the default management processes of a central clearing counterparty (“CCP”) and by a third party claim on margin in these circumstances. It discusses issues affecting the system of protections for central clearing established under Part VII of the Companies Act 1989 (“Part VII”) and related E.U. and U.K. regulation.
|FMLC paper on CCP and CM obligations under Part VII CA 1989|
|File Size:||392 kb|