The OTC Derivatives Risk Mitigation and Central Counterparties (Equivalence) (Switzerland) Regulations 2025
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Change 1
4 Equivalence under Article 25(6) of EMIR
For the purpose of Article 25(6) of EMIR, the Treasury specify that— (a) the legal and supervisory arrangements of Switzerland ensure that Swiss-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) Swiss-authorised CCPs are subject to effective supervision and enforcement in Switzerland on an ongoing basis; (c) the legal framework of Switzerland provides for an effective equivalent system for the recognition of CCPs authorised under the legal regimes of other countries.
4 Equivalence under Article 25(6) of EMIR
For the purpose of Article 25(6) of EMIR, the Treasury specify that— (a) the legal and supervisory arrangements of Switzerland ensure that Swiss-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) Swiss-authorised CCPs are subject to effective supervision and enforcement in Switzerland on an ongoing basis; (c) the legal framework of Switzerland provides for an effective equivalent system for the recognition of CCPs authorised under the legal regimes of other countries.
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