For the purposes of Article 23(1) of Regulation (EU) No 600/2014 the legal and supervisory framework applicable to stock exchanges in Switzerland set out in the Annex to this Decision shall be considered to be equivalent to the requirements resulting from [F1that Regulation], Regulation (EU) No 600/2014, Regulation (EU) No 596/2014 and F2Directive 2004/109/EC and to be subject to effective supervision and enforcement.
Textual Amendments
F1Words in Art. 1 substituted (31.12.2020) by The Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 (S.I. 2019/541), reg. 1(2), Sch. 2 para. 4(a); 2020 c. 1, Sch. 5 para. 1(1)
F2Art. 1: by The Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 (S.I. 2019/541), reg. 1(2), Sch. 2 para. 4(b) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 29(c)); 2020 c. 1, Sch. 5 para. 1(1), it is provided that the words “the law of the United Kingdom which was relied on by the United Kingdom immediately before IP completion day to implement Directive 2004/39/EC” are substituted (31.12.2020) for the words “Directive 2004/39/EC”.