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Recital 18

Recital 18

(18)The legal and supervisory arrangements applicable to CCPs authorised in the IFSCs, including possible relaxations of any requirements set out in the MII Regulations by the IFSCA, should be regularly reviewed. The regular review should be without prejudice to the Commission’s power to undertake a specific review at any time, where relevant developments make it necessary for the Commission to re-assess the equivalence granted by this Decision. Based on the findings arising from a regular or specific review, the Commission may decide to amend or repeal this Decision at any time, in particular where developments affect the conditions on the basis of which this Decision is adopted.

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