Article 1

For the purposes of Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Chile, consisting of the Law No 20.345 of 2009 as complemented by the general rules (Normas de Caracter General) and circulars issued by the Comisiόn para el Mercado Financiero and applicable to central counterparties, shall be considered equivalent to the requirements laid down in Regulation (EU) No 648/2012.