Commission Implementing Decision 2014/908/EU (the original Implementing Decision) sets out lists of third countries and territories whose supervisory and regulatory arrangements are considered to be equivalent to the corresponding supervisory and regulatory arrangements applied in the EU in accordance with the Capital Requirements Regulation (CRR).
The European Commission has subsequently conducted further assessments of supervisory and regulatory equivalence applicable to investment firms and exchanges using the same methodology as for the equivalence assessments that led to the adoption of the original Implementing Decision.
A Commission Implementing Decision has now been published in the Official Journal of the EU that updates the lists of those third countries that are considered to have an equivalent supervisory and regulatory regime to the EU in accordance with the CRR.
The Implementing Decision, which includes jurisdictions such as Australia, Hong Kong, Canada, Indonesia, China and South Korea will enter into force on 9 March 2016.
