RCH

( Recognised Clearing House)

An organisation which provides clearing services for a market( s). Recognition is granted by the Financial Services Authority to those clearing houses meeting its requirements under the terms of the Financial Services Act 1986. Currently The London Clearing House and CREST are RCHs. Only RCHs are able to operate as clearing houses in the UK. Dresdner Kleinwort Wasserstein financial glossary

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Recognised Clearing House (RCH)

In the UK, the Financial Services Authority has recognised and supervises a number of Recognised Clearing Houses (RCHs) under the Financial Services and Markets Act 2000. Recognition confers an exemption from the need to be authorised to carry on regulated activities in the United Kingdom. In order to be recognised, RCHs must comply with the recognition requirements laid down in the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001. Exchange Handbook Glossary

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See Recognised Clearing Houses LIFFE