# The Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024, 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; and
(b) are subject to effective supervision and enforcement in Singapore.

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Source: https://www.legislation.gov.uk/uksi/2024/1267/regulation/2 (the official version)
Page: https://openlegislation.uk/markets-in-financial-instruments-equivalence-singapore-regulations-2024/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.