Question
In January of this year, CCIL (Clearing Corporation of
India Ltd) made an application to which institution for recognition as third country CCPs (TC-CCPs)?Solution
CCIL, in January this year, had made an application to the Bank of England for recognition as third country CCPs (TC-CCPs). The MoU between the RBI and the BoE confirms the interests of both the authorities in enhancing cooperation in line with their respective laws and regulations
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