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UK clearinghouses could see shareholder payments prohibited for five years under BOE policy

By Sofia Gerace ( February 16, 2024, 17:08 GMT | Insight) -- UK central counterparties’ payments to shareholders can be restricted or prohibited for up to five years in “severe circumstances,” according to a policy from the Bank of England entering into force today. The BOE has published the official policy’s details, following a consultation with CCPs and trade organizations.UK central counterparties’ payments to shareholders can be restricted or prohibited for up to five years in “severe circumstances,” according to a policy from the Bank of England entering into force today....

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