Citation, commencement, and extent

1. —(1) These Regulations may be cited as the European Market Infrastructure Regulation (United States of America Regulated Market Equivalence) Regulations 2022.

(2) These Regulations come into force on 20th April 2022.

(3) These Regulations extend to England and Wales, Scotland, and Northern Ireland.

Equivalence

2. —(1) The Treasury determine that, for the purposes of Article 2a (1) of Regulation (EU) No 648/2012

(a) compliant with legally binding requirements which are equivalent to the requirements resulting from provisions of the law of the United Kingdom which was relied on before IP completion day to implement Title 3 of Directive 2014/65/EUDirective 2002/92/ECDirective 2011/61/EU 2 ), as the requirements resulting from the provisions of the law of the United Kingdom apply on the day on which these Regulations are made; and

(b) subject to effective supervision and enforcement in the United States of America on an ongoing basis.

(2) The third-country markets are—

(a) Bitnomial Exchange, LLC;

(b) Cantor Futures Exchange, L.P.;

(c) Cboe Futures Exchange, LLC;

(d) Chicago Board of Trade (Board of Trade of the City of Chicago, Inc.);

(e) Chicago Mercantile Exchange, Inc.;

(f) Commodity Exchange, Inc.;

(g) Eris Exchange, LLC;

(h) ICE Futures U.S., Inc.;

(i) KalshiEX LLC;

(j) LedgerX LLC;

(k) LMX Labs, LLC;

(l) Minneapolis Grain Exchange, Inc.;

(m) New York Mercantile Exchange, Inc.;

(n) Nodal Exchange, LLC;

(o) North American Derivatives Exchange, Inc.; and

(p) Small Exchange, Inc.

Revocation of Commission Implementing Decision (EU) 2016/1073

3. Commission Implementing Regulation (EU) No 648/2012 3 ) is revoked.