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Recital 19

Recital 19

(19)To allow the Commission to promptly assess whether the suspension of the derivative trading obligation should be revoked, the competent authorities of the financial counterparties should have effective supervisory arrangements in place to promptly identify breaches of compliance with the conditions set out in Article 32a(1), points (a) and (b), of Regulation (EU) No 600/2014 and immediately inform the Commission about those identified breaches.

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