# Article 3 — Comparable compliance with respect to Title IV of Regulation (EU) No 648/2012 **Commission Delegated Regulation (EU) 2020/1304 · binding · OJ L 305, 21.9.2020 · dated 14 Jul 2020 [in force]** *In force · Commission Delegated Regulation (EU) 2020/1304, OJ L 305, 21.9.2020 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2020/1304/oj/eng)* 1. ESMA shall grant comparable compliance with respect to the requirements set out in Title IV of Regulation (EU) No 648/2012 where: **(a)** the Tier 2 CCP complies with the requirements referred to in the implementing act referred to in Article 25(6) of that Regulation, if any; **(b)** the Tier 2 CCP complies with all relevant elements set out in Annex I to this Regulation. 2. Before ESMA adopts a decision not to grant comparable compliance, it shall: **(a)** verify its understanding of the applicable third-country framework and the way in which the Tier 2 CCP complies with it with that CCP’s competent authority, **(b)** inform the Commission thereof.