(12)Pursuant to Article 32a(1), point (b)(iii), of Regulation (EU) No 600/2014, the competent authority is to demonstrate that the requesting financial counterparty within its jurisdiction clears the credit default swaps referred to in that provision in a CCP authorised or recognised pursuant to Regulation (EU) No 648/2012. The AMF provided a list of CCPs authorised or recognised pursuant to Regulation (EU) No 648/2012 where the requesting financial counterparty intends to clear those credit default swaps. After having reviewed the evidence presented by the AMF, the Commission concluded that the AMF demonstrated that the requesting financial counterparty will clear credit default swaps in a CCP authorised or recognised pursuant to Regulation (EU) No 648/2012.