Recital 1

(1)In Commission Implementing Decision (EU) 2016/1073 ² , the Commission has determined that the legal and supervisory framework applicable to designated contract markets (DCMs) in the United States of America (USA), under the regulatory oversight of the Commodity Futures Trading Commission (CFTC), ensures that DCMs comply with the legally binding requirements that are equivalent to those that apply to regulated markets in the Union, and that those DCMs are subject to effective supervision and enforcement on an ongoing basis.