Company Structure

Who regulates LCH.Clearnet?

LCH.Clearnet Group Limited – the parent company

  • Regulated as a Compagnie financière by the Autorité de contrôle prudentiel et de résolution (ACPR), France.

LCH.Clearnet Limited  -  the UK entity

  • Recognised as a central counterparty and supervised by the Bank of England under the Financial Services and Markets Act 2000.
  • Authorised as a central counterparty to offer services and activities in the Union in accordance with the European Markets Infrastructure Regulation (EMIR).
  • Registered as a Derivatives Clearing Organization with the Commodity Futures Trading Commission (CFTC), USA.
  • Licensed by the Swiss Financial Market Supervisory Authority (FINMA), to operate a securities settlement system in the role of central counterparty to SIX Swiss Exchange Switzerland.
  • Recognised as a Clearing Agency by the Ontario Securities Commission (OSC), Canada to offer SwapClear, ForexClear, RepoClear and EnClear clearing services to Ontario-resident clearing members. The SwapClear service is designated as systemically important by the Bank of Canada.
  • Recognised as a Clearing House by Autorité des Marchés Financiers (AMF Québec) to offer SwapClear, RepoClear and ForexClear clearing services to Québec-resident clearing members.
  • Holds an Australian CS Facility Licence granted by the Minister under the Corporations Act 2001 to provide in Australia the SwapClear service and to clear for the financial market operated by FEX Global Pty Ltd.
  • Has been granted an infrastructure license to conduct clearing operations in Norway by the Finanstilsynet (The Financial Supervisory Authority of Norway) and the Norwegian Ministry of Finance.
  • Recognised as a Recognised Clearing House by the Monetary Authority of Singapore to provide the SwapClear, ForexClear and Enclear (Freight Division) services in Singapore.
  • Licensed by the Japanese Financial Services Agency to provide the SwapClear service (excluding Yen products) in Japan.
  • Granted by the Hong Kong Securities and Futures Commission ATS-CCP authorizations for SwapClear and ForexClear to provide clearing services in Hong Kong, and designated as a CCP in respect of SwapClear for the purposes of the Hong Kong mandatory clearing obligation for certain OTC derivative transactions.
  • Oversight by other market regulators and central banks in jurisdictions in which business is carried out.

LCH.Clearnet SA – the Continental European entity

  • Authorised as a central counterparty to offer services and activities in the Union in accordance with the European Markets Infrastructure Regulation (EMIR).
  • Regulated as a Credit Institution and Clearing House by the French Authorities, L'Authorité des marchés financiers (AMF), L'Autorité de contrôle prudentiel et de résolution (ACPR), and Banque de France.
  • Designated as a Securities and Settlement System by the French Authorities to the European Commission.
  • Registered as a Derivatives Clearing Organization with the Commodity Futures Trading Commission (CFTC), USA.

LCH.Clearnet LLC – the US entity

  • Registered as a Derivatives Clearing Organization with the Commodity Futures Trading Commission (CFTC), USA.
  • Submitted notice to CFTC of intent to rescind LCH.Clearnet LLC’s election to be subject to Subpart C of Part 39 of the CFTC’s regulations, effective on or about February 13, 2017.

QCCP Status

QCCP Status of LCH can be found here