1.

The Commission may adopt implementing acts determining that the legal, supervisory and enforcement arrangements of a third country: are equivalent to the requirements laid down in Article 4; ensure protection of professional secrecy equivalent to that laid down in this Regulation; are being effectively applied and enforced in an equitable and non-distortive manner in order to ensure effective supervision and enforcement in that third country; and ensure that the entities referred to in Article 12(2) have either direct access to the details on SFT data pursuant to Article 19(1) or indirect access to the details on SFTs pursuant to Article 20.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.