<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2022-06-10","gaps":[],"covered":["2015/2039 — Decision — Equivalence: South Africa [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1","url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1","title":"Article 1","family":"l2_unit_view","work_id":"spaces/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa","view_of":"/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Consolidated version of 10 June 2022","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015D2039-20220610","valid_from":"2015-12-04","valid_until":null,"content_id":"bebca6e44db7d73e","versions":["2015-12-04"],"version_url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1/versions/2022-06-10","revision_url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1/versions/2022-06-10/rev/bebca6e44db7d73e","versions_url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1/versions","relations_url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/1/relations","act_url":"https://www.headlesslaw.com/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa#art-1","source_line":"Commission Implementing Decision (EU) 2015/2039 · binding on its addressees · dated 13 Nov 2015 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"implementing_decision","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2015-11-13","entry_into_force":"2015-12-04","locators":{"document_date":"CELLAR 32015D2039 work_date_document","entry_into_force":"CELLAR 32015D2039 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa","path":"/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa","name":"Commission Implementing Decision (EU) 2015/2039","number":"2015/2039","celex":"32015D2039","title_official":"COMMISSION IMPLEMENTING DECISION (EU) 2015/2039 of 13 November 2015 on the equivalence of the regulatory framework of South Africa for central counterparties to the requirements of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories","document_date":"2015-11-13"},"position":{"kind":"article","key":"1","index":1,"articles":2,"annexes":0},"prev":null,"next":{"path":"/emir/level-2/implementing-acts/2015-2039-equivalence-south-africa/articles/2","key":"2","title":"Article 2"},"act_anchor":"#art-1"}}} -->
# Article 1

**Commission Implementing Decision (EU) 2015/2039 · binding on its addressees · dated 13 Nov 2015 [in force]**

*In force · Consolidated version of 10 June 2022 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015D2039-20220610)*

For the purposes of [Article 25(6)](../../articles/25.md) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of South Africa consisting of the Financial Markets Act, Act No 19 of 2012, and the Financial Markets Act Regulations and applicable to licensed clearing houses authorised therein shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
