Title II Authorisation and Operating Conditions for Investment Firms (arts. 5-35)

Chapter I Conditions and Procedures for Authorisation (arts. 5-15)
Revoked
Article 5 Requirement for authorisation
Revoked
Article 6 Scope of authorisation
Revoked
Article 7 Procedures for granting and refusing requests for authorisation
Revoked
Article 8 Withdrawal of authorisations
Revoked
Article 9 Persons who effectively direct the business
Revoked
Article 10 Shareholders and members with qualifying holdings
Revoked
Article 10a Assessment period
Revoked
Article 10b Assessment
Revoked
Article 11 Membership of an authorised Investor Compensation Scheme
Revoked
Article 12 Initial capital endowment
Revoked
Article 13 Organisational requirements
Revoked
Article 14 Trading process and finalisation of transactions in an MTF
Revoked
Article 15 Relations with third countries
Chapter II Operating Conditions for Investment Firms (arts. 16-30)
Section 1 General provisions (arts. 16-18)
Revoked
Article 16 Regular review of conditions for initial authorisation
Revoked
Article 17 General obligation in respect of on-going supervision
Revoked
Article 18 Conflicts of interest
Section 2 Provisions to ensure investor protection (arts. 19-24)
Revoked
Article 19 Conduct of business obligations when providing investment services to clients
Revoked
Article 20 Provision of services through the medium of another investment firm
Revoked
Article 21 Obligation to execute orders on terms most favourable to the client
Revoked
Article 22 Client order handling rules
Revoked
Article 23 Obligations of investment firms when appointing tied agents
Revoked
Article 24 Transactions executed with eligible counterparties
Section 3 Market transparency and integrity (arts. 25-30)
Revoked
Article 25 Obligation to uphold integrity of markets, report transactions and maintain records
Revoked
Article 26 Monitoring of compliance with the rules of the MTF and with other legal obligations
Revoked
Article 27 Obligation for investment firms to make public firm quotes
Revoked
Article 28 Post-trade disclosure by investment firms
Revoked
Article 29 Pre-trade transparency requirements for MTFs
Revoked
Article 30 Post-trade transparency requirements for MTFs
Chapter III Rights of Investments Firms (arts. 31-35)
Revoked
Article 31 Freedom to provide investment services and activities
Revoked
Article 32 Establishment of a branch
Revoked
Article 33 Access to regulated markets
Revoked
Article 34 Access to central counterparty, clearing and settlement facilities and right to designate settlement system
Revoked
Article 35 Provisions regarding central counterparty, clearing and settlement arrangements in respect of MTFs