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 in accordance with Regulation (EU) No 600/2014 of the European Parliament and of the Council (notified under document C(2019) 2349) (Text with EEA relevance.)

For the purposes of Article 28(1)(d) of Regulation (EU) No 600/2014, it is hereby determined that the legal and supervisory framework of Singapore ensures that the approved exchanges and recognised market operators listed in the Annex to this 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 Regulation (EU) No 600/2014 resulting from that Regulation, Directive 2014/65/EU and Regulation (EU) No 596/2014 and are subject to effective supervision and enforcement in Singapore.

No later than 3 years after the date of entry into force of this Decision and then no later than every 3 years after each previous review under this Article, the Commission shall undertake a review of the grounds on which the determination under Article 1 was made.

This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.