Today, PensionsEurope sent a letter to Commissioner Mairead McGuinness on pension scheme arrangements’ (PSAs) clearing with the UK CCPs. In that letter, PensionsEurope requested the Commission to grant one year extension to the current equivalence decision in relation to UK CCPs. In exchange, PSAs are willing to continue actively reducing their exposures to UK CCPs, and open and hold active accounts within the EU based CCPs. You can read the letter here.
