Section 313CBA(4)

In this section— “central counterparty” has the same meaning as in Part 18 (see section 313(1)); “clearing member”, in relation to a central counterparty, means an undertaking which participates in the central counterparty and which is responsible for discharging the financial obligations arising from that participation; “financial counterparty” has the meaning given in Article 2(8) of Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories.

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Source: legislation.gov.uk · retrieved 2026-09-04