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In this act Article 1 of 2
Text as of 26 Oct 2026 · Commission Implementing Decision 2014/754/EU, OJ L 311, 31.10.2014 · Same wording as today’s text.Today’s text

Article 1

Financial servicesLevel 2Implementing DecisionEMIRIn forceOfficial source

For the purposes of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Hong Kong consisting of the Securities and Futures Ordinance (SFO) as complemented by the Guidelines adopted pursuant to Section 399(1) of the SFO and applicable to Recognised Clearing Houses (‘RCHs’) authorised therein shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.