Part II Investment Firms and Investment Services, 10 MiFID II/MiFIR’s Regime for Third-Country Firms
Danny Busch, Marije Louisse
Edited By: Danny Busch, Guido Ferrarini
- Conduct of business regulation — Enforcement — Investment business — Regulated activities — Regulated persons — Supervision
This chapter examines the scope of MiFID II/MiFIR’s regime for third-country firms. It explains MiFIR’s regime for third-country firms and MiFID II’s regime for third-country firms. It discusses the friction between both regimes in case a third-country firm provides investment services to eligible counterparties, professional clients, and retail investors. Next, it takes a detailed look at the initiative test. The conclusion sets out the provisions of MiFID II/MiFIR’s third-country regime.