MIR 4.4.2

A Recognised Clearing House must ensure that only investments which meet either (a) or (b) are cleared, on the facilities of a Recognised Clearing House:

(a) in the case of securities, such securities are either:
(i) admitted to an Official List of Securities; or
(ii) admitted to trading on a Recognised Investment Exchange, Non-Abu Dhabi Global Market Recognised Investment Exchange, or a market in a jurisdiction acceptable to the Regulator; and
(b) in the case of Derivative contracts, are traded on a Recognised Investment Exchange, Non-Abu Dhabi Global Market Recognised Investment Exchange, or a market in a jurisdiction acceptable to the Regulator or which it considers can be cleared while managing risk arising from Clearing the Derivative contract, having regard to:
(i) the degree of standardisation of the contractual terms and operational processes of the Derivative contract;
(ii) the volume and liquidity of the Derivative contract; and
(iii) the availability of fair, reliable and generally accepted pricing information in the Derivative contract.