OpenLegislation

Paragraph 14

Original text. Later amendments are not shown.

For the purposes of Article 33 of MiFIR, to determine that the legal, supervisory and enforcement arrangements of an EEA state—

(a)

are equivalent to the requirements resulting from Articles 28 and 29 of MiFIR;

(b)

ensure protection of professional secrecy that is equivalent to that set out in MiFIR;

(c)

are being effectively applied and enforced in an equitable and non-distortive manner so as to ensure effective supervision and enforcement in that EEA state.