EU · MiFIR · TITLE VIII PROVISION OF SERVICES AND PERFORMANCE OF ACTIVITIES BY THIRD-COUNTRY FIRMS FOLLOWING AN EQUIVALENCE DECISION WITH OR WITHOUT A BRANCH
Article 49 MiFIRMeasures to be taken by ESMA
ESMA may temporarily prohibit or restrict a registered third-country firm's EU services if it breaches product intervention measures, fails to answer ESMA's information requests or does not cooperate with investigations, and must withdraw its registration where the home supervisor fails to act and there is evidence of conduct clearly prejudicial to investors or markets or serious breaches of home-country rules.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Regulation (EU) 2019/2033 | Provision replaced; Text amended | by 26 Jun 2021 |
Commentary
No law-firm commentary is linked to this provision yet.
219 more documents relate to MiFIR as a whole without naming an article.
UK counterpart
- Article 49 UK MiFIR · Temporary prohibitions and restrictions and withdrawal of registration
Revocation enacted by Financial Services and Markets Act 2023; no commencement date yet.
DivergedExplicit referenceEU changes after exit: Regulation (EU) 2019/2033 (by 26 Jun 2021). UK changes after onshoring: Financial Services Act 2021 (from 1 Jul 2021). UK revocation enacted (Financial Services and Markets Act 2023), not yet commenced.
Version history
- From 26 Jun 2021
- From 2 Jul 2014 to 26 Jun 2021
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.