Since Wednesday 22 January, the European Commission has been consulting European Union countries on the advisability of extending by three years - until the end of June 2028 - the decision establishing the equivalence of prudential rules governing clearing houses (CCPs) in force in the EU and the United Kingdom (see EUROPE B12886A17).
The Member States have five days to approve a draft decision on the table or to reject it by qualified majority, having been consulted via the relevant...