# Commission Implementing Decision (EU) 2017/2318 of 13 December 2017 on the equivalence of the legal and supervisory framework in Australia applicable to financial markets in accordance with Directive 2014/65/EU of the European Parliament and of the Council (Text with EEA relevance), Article 1

Extent: E+W+S+N.I.

For the purposes of Article 23(1) of Regulation (EU) No 600/2014, the legal and supervisory framework in Australia applicable to financial markets authorised therein and set out in the Annex to this Decision shall be considered—
(a) to be equivalent to the requirements for UK regulated markets as defined in Regulation (EU) 600/2014, resulting from—
(i) Regulation (EU) 596/2014;
(ii) Title II of Regulation (EU) 600/2014; and
(iii) the law of the United Kingdom which was relied on by the United Kingdom immediately before IP completion day to implement Title III of Directive 2014/65/EU and Directive 2004/109/EC and
(b) to be subject to effective supervision and enforcement.

---
Source: https://www.legislation.gov.uk/eudn/2017/2318/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2017-2318/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.