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+Article 38 3. |
Article 38 3.The Commission may, in accordance with the examination procedure referred to in Article 51, adopt decisions determining that the legal and supervisory framework of a third country ensures that a trading venue and CCP authorised in that third country complies with legally binding requirements which are equivalent to the requirements referred to in paragraph 2 of this Article and which are subject to effective supervision and enforcement in that third country. The legal and supervisory framework of a third country is considered equivalent where that framework fulfils all the following conditions:
(a)
trading venues in that third country are subject to authorisation and to effective supervision and enforcement on an ongoing basis;
(b)
it provides for an effective equivalent system for permitting CCPs and trading venues authorised under foreign regimes access to CCPs and trading venues established in that third country;
(c)
the legal and supervisory framework of that third country provides for an effective equivalent system under which CCPs and trading venues authorised in foreign jurisdictions are permitted access on a fair reasonable and non discriminatory basis to:
(i)
relevant price and data feeds and information of composition, methodology and pricing of benchmarks for the purposes of clearing and trading; and
(ii)
licences, from persons with proprietary rights to benchmarks established in that third country. 1. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
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