On 17 July 2023, the European Commission published a draft Implementing Decision amending Commission Implementing Decision (EU) 2016/2272 of 15 December 2016 on the equivalence of financial markets in Australia in accordance with the European Market Infrastructure Regulation.
The draft Implementing Decision notes that since adopting Implementing Decision 2016/2272, an additional financial market established in Australia has obtained authorisation from the Australian Securities and Investments Commission (ASIC) to trade in derivatives. In light of the information received from the ASIC the Commission has concluded that the conditions that led it to adopt Implementing Decision 2016/2272 are still met and that the legally binding requirements for financial markets authorised in Australia are still equivalent to those of the requirements laid down in Title III of the Markets in Financial Instruments Directive II. The Commission has also published an updated annex to Implementing Decision (EU) 2016/2272. The deadline for comments on the draft Implementing Decision is 14 August 2023.