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Version status: Amended
Version date: 25 September 2024 - onwards
  Version 3 of 3    

Article 1 Amendments to Directive 2014/65/EU

Directive 2014/65/EU is amended as follows:

(1)

in Article 4(1), point (12) is replaced by the following:

‘(12) "SME growth market’ means an MTF, or a segment of an MTF, that is registered as an SME growth market in accordance with Article 33;";

(2)

Article 24 is amended as follows:

(a) the following paragraphs are inserted:

‘3a. Research produced by investment firms or by third parties and used by, or distributed to, investment firms, their clients or potential clients, shall be fair, clear and not misleading. Research shall be clearly identifiable as such or in similar terms, provided that all conditions laid down in Commission Delegated Regulation (EU) 2017/565 [Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (OJ L 87, 31.3.2017, p. 1).] applicabl

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