Financial Services Financial Services

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

By Sofia Gerace
  • 16 Feb 2024 17:08
  • 16 Feb 2024 17:08
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 UK Financial Services and Markets Bill, approved last year, had conferred new powers on the BOE over

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