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In this act Article 1 of 2
Text as of 26 Oct 2026 · Commission Implementing Decision (EU) 2016/2274, OJ L 342, 16.12.2016 · Same wording as today’s text.Today’s text

Article 1

Financial servicesLevel 2Implementing DecisionEMIRIn forceOfficial source

For the purposes of paragraph 6 of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of New Zealand consisting of Part 5C of the the Reserve Bank of New Zealand Act 1989, as complemented by the policy statement ‘The Designation and Oversight of Designated Settlement Systems’ requiring designated settlement systems to comply with the PFMIs, and applicable to designated settlement systems shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.