Q&A · ESMA

Scope of the exemptions provided for in article 2(1), (c) and (k) of Directive 2014/65/EU (MiFID II)

Rejected

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

Asked how the exemptions in Article 2(1)(c) (incidental services in a regulated profession) and Article 2(1)(k) MiFID II should be interpreted. ESMA rejected the question, so there is no answer.

Details

Reference	ESMA_QA_2249
Issuer	ESMA
Published	12 Aug 2024
Submitted	12 Aug 2024
ESMA topics	Investment advice on an independent basis

Provisions it relates to

Article 2 MiFID II · Exemptions
MiFID II
Inferred · 80%
MiFID II (whole act)
Explicit reference

Documents it refers to

Delegated actIn forceExplicit reference
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
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryThe main MiFID II Delegated Regulation: defines key terms (such as investment advice, systematic internaliser, algorithmic and high-frequency trading, and direct electronic access) and sets detailed organisational requirements and operating conditions for investment firms, including compliance, conflicts of interest, remuneration, client information, suitability and appropriateness, best execution, client order handling, reporting to clients, record keeping and transaction-level obligations.