Q&A · ESMA
Unauthorised person as an investment firm meeting the requirements of Article 53(3) of MiFID II being a member or participant of a regulated market or an MTF
Answered
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A person that is not an investment firm may be a member of a regulated market or MTF under Article 53(3) MiFID II only if it is exempt from authorisation under Article 2(1), such as an insurer or fund where its own rules allow; persons dealing on own account as venue members otherwise need authorisation unless one of the specified exemptions applies.
Details
| Reference | ESMA_QA_1636 |
|---|---|
| Issuer | ESMA |
| Published | 7 Jul 2017 |
| Answered | 7 Jul 2017 |
| Submitted | 7 Jul 2017 |
| ESMA topics | Multilateral and bilateral systems |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 5.4 |
Provisions it relates to
- Article 53 MiFID II · Access to a regulated marketExplicit reference · 90%
- MiFID II (whole act)Explicit reference