Recital 6

(6)The legally binding requirements applicable to CCPs authorised in the IFSCs are laid down in the MII Regulations. Those Regulations fully implement the international standards set out under the Principles for financial market infrastructures (‘PFMIs’), issued in April 2012 by the Committee on Payments and Market Infrastructures (‘CPMI’) and the International Organization of Securities Commissions (‘IOSCO’) ⁶ .