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Recital 32

Recital 32

(32)This Decision is based on the legally binding requirements in the USA relating to CCPs which must comply with the rules applicable to covered clearing agencies at the time of the adoption of this Decision. The Commission, in cooperation with ESMA, should monitor on a regular basis the evolution of the legal and supervisory framework applicable in the USA to such CCPs and the fulfilment of the conditions on the basis of which this Decision has been taken.

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