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Wednesday, March 04, 2015

UK Wins Case Against ECB

As per InfoCuria

THE GENERAL COURT (Fourth Chamber)
hereby:

1.      Annuls the Eurosystem Oversight Policy Framework, published by the European Central Bank (ECB) on 5 July 2011, in so far as it sets a requirement to be located within a Member State party to the Eurosystem for central counterparties involved in the clearing of securities;
2.      Orders the ECB to bear its own costs and to pay those incurred by the United Kingdom of Great Britain and Northern Ireland

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