On 2 April 2019, there was published in the Official Journal of the EU, Commission Implementing Decision (EU) 2019/541 of 1 April 2019 on the equivalence of the legal and supervisory framework applicable to approved exchanges and recognised market operators in Singapore under MiFIR.
The Commission Implementing Decision provides that for the purposes of Article 28(1)(d) of MiFIR, the legal and supervisory framework of Singapore ensures that the approved exchanges and recognised market operators listed in the Annex to the Decision 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 and are subject to effective supervision and enforcement in Singapore.
The Annex to the Commission Implementing Decision lists the following:
- Asia Pacific Exchange Pte Ltd;
- ICE Futures Singapore Pte Ltd;
- Singapore Exchange Derivatives Trading Limited;
- Cleartrade Exchange Pte Ltd; and
- Tradition Singapore Pte Ltd.