MIR 6.8.5

In addition to the relevant factors set out in Rule 6.8.4, the Regulator will usually consider that it would not be able to secure a Remote Body's compliance with the Recognition Requirements or other obligations means of a direction, if it appears to the Regulator that the Remote Body is prevented by any change in the legal framework or supervisory arrangements to which it is subject in its home jurisdiction from complying with the Recognition Requirements or other obligations in or under the FSMR and the Rules.