(13)The legal and supervisory arrangements applicable to futures clearing houses authorised in Taiwan may therefore be considered equivalent to the requirements of Regulation (EU) No 648/2012 where those arrangements are appropriate to mitigate that lower level of risk. The primary rules applicable to those futures clearing houses, complemented by their operating rules mitigate the lower level of risk existing in Taiwan and achieve a risk mitigation outcome that is equivalent to that pursued by Regulation (EU) No 648/2012.