Regulation 2 Equivalence

The Treasury specify that the legal and supervisory framework of Singapore ensures that the trading venues authorised in Singapore and listed in the Schedule to these Regulations—

(a)

comply with legally binding requirements which are equivalent to the requirements for the trading venues referred to in points (a), (b) and (c) of Article 28(1) of MiFIR resulting from that Regulation, United Kingdom law which was relied on by the United Kingdom before IP completion day to implement Directive 2014/65/EU, and Regulation (EU) No 596/2014^f1; and

(b)

are subject to effective supervision and enforcement in Singapore.

Annotations

Footnotes

f1: EUR 596/2014, as amended by S.I. 2019/310; there are other amendments, but none is relevant.