EU · MiFID II · TITLE VI COMPETENT AUTHORITIES · CHAPTER II Cooperation between the competent authorities of the Member States and with ESMA

Article 84 MiFID IIConsultation prior to authorisation

In force

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

AI-generated What this provision does

Requires consultation of the other Member State's authority before authorising an investment firm that is a subsidiary of, or under common control with, a firm, market operator or credit institution authorised there, and of the banking or insurance supervisor where the firm or market operator is linked to a credit institution or insurer; authorities must share information on shareholder suitability and management reputation.

Level 2: delegated and implementing acts

ITSIn forceLegal basis
Commission Implementing Regulation (EU) 2017/981 of 7 June 2017 laying down implementing technical standards with regard to standard forms, templates and procedures for the consultation of other competent authorities prior to granting an authorisation in accordance with Directive 2014/65/EU of the European Parliament and of the Council
European Commission · 10 Jun 2017 · EUR-Lex
AI summaryITS setting standard forms, templates and procedures for competent authorities to consult each other before authorising an investment firm that is linked to an entity authorised in another Member State, as required by Article 84 MiFID II.

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.