MIR 4.4.2

A Recognised Clearing House must ensure that Financial Instruments are cleared on its facilities only if:
(a) in the case of Securities, such Securities are either:
(i) admitted to the Official List of Securities; or
(ii) admitted to trading on a Recognised Investment Exchange, Remote 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, Remote Investment Exchange, or a market in a jurisdiction acceptable to the Regulator, 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.