The Central Counterparties (Equivalence) (United States of America) (Commodity Futures Trading Commission) Regulations 2023
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Change 1
2 Equivalence
The Treasury specify that— (a) subject to regulation 3, the legal and supervisory arrangements of the United States of America, as implemented by the CFTC, ensure that CFTC-authorised CCPs comply on an ongoing basis with legally binding requirements which are equivalent to the requirements laid down in Title IV of EMIR; (b) CFTC-authorised CCPs are subject to effective supervision and enforcement by the CFTC on an ongoing basis; (c) the legal framework of the United States of America, as implemented by the CFTC, provides for an effective equivalent system for the recognition of CCPs authorised under legal regimes of other countries.
2 Equivalence
The Treasury specify that— (a) subject to regulation 3, the legal and supervisory arrangements of the United States of America, as implemented by the CFTC, ensure that CFTC-authorised CCPs comply on an ongoing basis with legally binding requirements which are equivalent to the requirements laid down in Title IV of EMIR; (b) CFTC-authorised CCPs are subject to effective supervision and enforcement by the CFTC on an ongoing basis; (c) the legal framework of the United States of America, as implemented by the CFTC, provides for an effective equivalent system for the recognition of CCPs authorised under legal regimes of other countries.
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