(3)Considering the agreement reached by the parties to the G20 in Pittsburgh on 25 September 2009 to move trading in standardised OTC derivative contracts to exchanges or electronic trading platforms, it is appropriate to provide for a suitable range of eligible venues on which trading pursuant to that commitment can take place. The equivalence provisions should be read in the light of the objectives pursued by Regulation (EU) No 600/2014, in particular its contribution to the establishment and functioning of the internal market, market integrity, investor protection and financial stability. Regulation (EU) No 600/2014 underlined moreover the need to establish a single set of rules for all institutions in respect of certain requirements and to avoid potential regulatory arbitrage. Therefore, when designating the standardised OTC derivative contracts that will be subject to a trading obligation, it is appropriate that the Union fosters the development of a sufficient number of eligible venues for the execution of the trading obligation, including in the EU.