EU · MiFID II · TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS · CHAPTER I Conditions and procedures for authorisation
Article 10 MiFID IIShareholders and members with qualifying holdings
Before authorising an investment firm, competent authorities must know the identity and holdings of shareholders with qualifying holdings and refuse authorisation if they are not satisfied of their suitability, or if close links or third-country laws would prevent effective supervision; they must act against shareholders whose influence threatens sound and prudent management, for example by suspending voting rights.
Commentary
No law-firm commentary is linked to this provision yet.
393 more documents relate to MiFID II as a whole without naming an article.
UK counterpart
UK transposition not traced in the FCA Handbook. It may sit in FSMA, the Regulated Activities Order or SI 2017/701, which are not yet mapped.
Version history
- From 17 Sept 2014
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