Dear Chief Executive Officer,
A number of non-UK Central Counterparties (CCPs) provide services in the UK. Non-UK CCPs are able to provide services in the UK if they have been authorised or recognised in the European Union (EU) under the European Market Infrastructure Regulation (EMIR). I am writing to you now to set out how we envisage non-UK CCPs will be recognised to provide services in the UK once the UK has withdrawn from the EU.
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