The European Commission formally recognized 15 US derivatives clearinghouses (CCPs) overseen by the Commodity Futures Trading Commission as subject to equivalent regulation as EU-regulated markets. This will permit European banks and their affiliates to carry positions at such clearinghouses without take onerous capital charges. However, this recognition does not extend to US clearinghouses or other central counterparties regulated by the Securities and Exchange Commission. The EC recently extended the deadline for CCPs to be recognized as so-called “Qualifying CCPs” (in order to avoid harsh capital treatments) to December 15.