The OTC Derivatives Risk Mitigation and Central Counterparties (Equivalence) (Switzerland) Regulations 2025
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2 Equivalence under Article 13(2) of EMIR
For the purpose of Article 13(2) of EMIR, the Treasury determine that— (a) where the conditions specified in regulation 3 are satisfied, the legal, supervisory and enforcement arrangements of Switzerland are equivalent to the requirements laid down under Article 11 of EMIR; (b) the legal, supervisory and enforcement arrangements of Switzerland ensure protection of professional secrecy that is equivalent to that set out in EMIR; (c) the legal, supervisory and enforcement arrangements of Switzerland are being effectively applied and enforced in an equitable and non-distortive manner so as to ensure effective supervision and enforcement in Switzerland.
2 Equivalence under Article 13(2) of EMIR
For the purpose of Article 13(2) of EMIR, the Treasury determine that— (a) where the conditions specified in regulation 3 are satisfied, the legal, supervisory and enforcement arrangements of Switzerland are equivalent to the requirements laid down under Article 11 of EMIR; (b) the legal, supervisory and enforcement arrangements of Switzerland ensure protection of professional secrecy that is equivalent to that set out in EMIR; (c) the legal, supervisory and enforcement arrangements of Switzerland are being effectively applied and enforced in an equitable and non-distortive manner so as to ensure effective supervision and enforcement in Switzerland.
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