(1)In Commission Implementing Decision (EU) 2015/2039 2 , which was adopted on 13 November 2015, it was decided that for the purposes of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of South Africa consisting of the Financial Markets Act, (Act No 19 of 2012) (‘FMA’)and applicable to licensed clearing houses authorised therein, are to be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Recital 1
Recital 1
- 2 Commission Implementing Decision (EU) 2015/2039 of 13 November 2015 on the equivalence of the regulatory framework of South Africa for central counterparties to the requirements of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories ( OJ L 298, 14.11.2015, p. 29 ). ↩