For the purposes of Article 2(7) of this Regulation, a third-country market shall be considered to be equivalent to a regulated market within the meaning of Article 4(1)(14) of Directive 2004/39/EC where it complies with legally binding requirements which are equivalent to the requirements laid down in Title III of that Directive and it is subject to effective supervision and enforcement in that third country on an ongoing basis, as determined by the Commission in accordance with the procedure referred to in paragraph 2 of this Article.
Chun críocha Airteagal 2(7) den Rialachán seo, measfar margadh tríú tír a bheith coibhéiseach le margadh rialáilte de réir bhrí Airteagal 4(1)(14) de Threoir 2004/39/CE i gcás ina gcomhlíonann sé ceanglais atá ceangailteach ó thaobh dlí de agus atá coibhéiseach leis na ceanglais a leagtar síos i dTeideal III den Treoir sin agus ina mbeidh sé faoi réir maoirseacht agus forghníomhú éifeachtach sa tríú tír sin ar bhonn leanúnach, de réir mar a chinnfidh an Coimisiún i gcomhréir leis an nós imeachta dá dtagraítear i mír 2 den Airteagal seo.