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# Article 1

**Commission Implementing Decision (EU) 2021/1104 · binding on its addressees · dated 5 Jul 2021 [in force]**

*In force · Commission Implementing Decision (EU) 2021/1104, OJ L 238, 6.7.2021 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/dec_impl/2021/1104/oj/eng)*

For the purposes of [Article 13(3)](../../articles/13.md) of Regulation (EU) No 648/2012, the legal, supervisory and enforcement arrangements of Canada for dispute resolution obligations set out in Guideline B-7 that are applied to non-centrally cleared derivative transactions regulated by the Office of the Superintendent of Financial Institutions (‘OSFI’) shall be considered as equivalent to the requirements set out in [Article 11(1)](../../articles/11.md) of Regulation (EU) No 648/2012, where at least one of the counterparties to those transactions is established in Canada and is a Covered Federally Regulated Financial Institution (‘Covered FRFIs’) as defined under Guideline E-22.