On 14 July 2021, European Commission published the Commission Delegated Regulation (EU) .../... of 14.7.2021 supplementing Directive 2014/65/EU of the European Parliament and of the Council by specifying the criteria for establishing when an activity is to be considered to be ancillary to the main business at group level (C(2021) 5115 final) to repeal the RTS 20 (2017/592/EU).
The condensed text below shows the proposed amendments from the C(2021) 5115 final for affected provisions only.
Recitals
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments [OJ L 173, 12.6.2014, p. 349.], and in particular Article 2(4) thereof,
Whereas:
(1) The assessment whether persons are dealing on own account or are providing investment services in commodity derivatives, emission allowances