3501/1 The Relevant Euronext Market Undertaking will only consider applications in respect of Sponsored Participants or Affiliates located in jurisdictions with satisfactory regulatory arrangements including those in respect of:
(i) supervision of investment activity; and
(ii) information sharing and co-operation between the supervisory authority of the jurisdiction concerned and the Competent Authorities or, where permitted by National Regulations, the Relevant Euronext Market Undertaking.
3501/2 For the avoidance of doubt, a jurisdiction whose legal and supervisory framework has been recognised to be an effective equivalent system for the recognition of investment firms by the European Commission pursuant to Article 47(1) of MIFIR shall be deemed to comply with the requirements of Rule 3501/1.