EU · MiFID II · TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS · CHAPTER II Operating conditions for investment firms · Section 1 General provisions

Article 21 MiFID IIRegular review of conditions for initial authorisation

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Requires investment firms to meet the conditions for initial authorisation at all times and to notify material changes to them, and requires competent authorities to have appropriate methods to monitor this; ESMA may issue guidelines.

Level 3: ESMA Q&As, guidelines and opinions

Q&ALegacy Q&A documentESMA rulebook
ESMA35-43-349: Questions and Answers On MiFID II and MiFIR investor protection and intermediaries topics
ESMA · the ESMA website
AI summaryESMA's consolidated legacy Q&A document (ESMA35-43-349, final version 15 December 2023) on MiFID II investor protection topics, including best execution, suitability, call recording, inducements and research, costs and charges, client categorisation, third-country firms and product governance. It is no longer updated; Q&As from 2024 are in ESMA's Q&A tool.

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

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.