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MiFID Implementing Directive

Commission Directive 2006/73/EC implementing Directive 2004/39/EC as regards organisational requirements and operating conditions for investment firms
32006L0073 · official text on EUR-Lex

Articles

Chapter I SCOPE AND DEFINITIONS

• Article 1 — Subject-matter and scope
• Article 2 — Definitions
• Article 3 — Conditions applying to the provision of information
• Article 4 — Additional requirements on investment firms in certain cases

Chapter II ORGANISATIONAL REQUIREMENTS

Section 1 Organisation

• Article 5 — (Article 13(2) to (8) of Directive 2004/39/EC)
• Article 6 — (Article 13(2) of Directive 2004/39/EC)
• Article 7 — (second subparagraph of Article 13(5) of Directive 2004/39/EC)
• Article 8 — (second subparagraph of Article 13(5) of Directive 2004/39/EC)
• Article 9 — (Article 13(2) of Directive 2004/39/EC)
• Article 10 — (Article 13(2) of Directive 2004/39/EC)
• Article 11 — (Article 13(2) of Directive 2004/39/EC)
• Article 12 — (Article 13(2) of Directive 2004/39/EC)

Section 2 Outsourcing

• Article 13 — (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)
• Article 14 — (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)
• Article 15 — (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)

Section 3 Safeguarding of client assets

• Article 16 — (Article 13(7) and (8) of Directive 2004/39/EC)
• Article 17 — (Article 13(7) of Directive 2004/39/EC)
• Article 18 — (Article 13(8) of Directive 2004/39/EC)
• Article 19 — (Article 13(7) of Directive 2004/39/EC)
• Article 20 — (Article 13(7) and (8) of Directive 2004/39/EC)

Section 4 Conflicts of interest

• Article 21 — (Articles 13(3) and 18 of Directive 2004/39/EC)
• Article 22 — (Articles 13(3) and 18(1) of Directive 2004/39/EC)
• Article 23 — (Article 13(6) of Directive 2004/39/EC)
• Article 24 — (Article 19(2) of Directive 2004/39/EC)
• Article 25 — (Article 13(3) of Directive 2004/39/EC)

Chapter III OPERATING CONDITIONS FOR INVESTMENT FIRMS

Section 1 Inducements

• Article 26 — (Article 19(1) of Directive 2004/39/EC)

Section 2 Information to clients and potential clients

• Article 27 — (Article 19(2) of Directive 2004/39/EC)
• Article 28 — (Article 19(3) of Directive 2004/39/EC)
• Article 29 — (Article 19(3) of Directive 2004/39/EC)
• Article 30 — (first indent of Article 19(3) of Directive 2004/39/EC)
• Article 31 — (second indent of Article 19(3) of Directive 2004/39/EC)
• Article 32 — (first indent of Article 19(3) of Directive 2004/39/EC)
• Article 33 — (fourth indent of Article 19(3) of Directive 2004/39/EC)
• Article 34 — (second and fourth indent of Article 19(3) of Directive 2004/39/EC)

Section 3 Assessment of suitability and appropriateness

• Article 35 — (Article 19(4) of Directive 2004/39/EC)
• Article 36 — (Article 19(5) of Directive 2004/39/EC)
• Article 37 — (Article 19(4) and (5) of Directive 2004/39/EC)
• Article 38 — (first indent of Article 19(6) of Directive 2004/39/EC)
• Article 39 — (Article 19(1) and 19(7) of Directive 2004/39/EC)

Section 4 Reporting to clients

• Article 40 — (Article 19(8) of Directive 2004/39/EC)
• Article 41 — (Article 19(8) of Directive 2004/39/EC)
• Article 42 — (Article 19(8) of Directive 2004/39/EC)
• Article 43 — (Article 19(8) of Directive 2004/39/EC)

Section 5 Best execution

• Article 44 — (Articles 21(1) and 19(1) of Directive 2004/39/EC)
• Article 45 — (Article 19(1) of Directive 2004/39/EC)
• Article 46 — (Article 21(3) and (4) of Directive 2004/39/EC)

Section 6 Client order handling

• Article 47 — (Articles 22(1) and 19(1) of Directive 2004/39/EC)
• Article 48 — (Articles 22(1) and 19(1) of Directive 2004/39/EC)
• Article 49 — (Articles 22(1) and 19(1) of Directive 2004/39/EC)

Section 7 Eligible counterparties

• Article 50 — (Article 24(3) of Directive 2004/39/EC)

Section 8 Record-keeping

• Article 51 — (Article 13(6) of Directive 2004/39(EC)

Section 9 Defined terms for the purposes of Directive 2004/39/EC

• Article 52 — (Article 4(1)(4) of Directive 2004/39/EC)

Chapter IV FINAL PROVISIONS

• Article 53 — Transposition
• Article 54 — Entry into force
• Article 55 — Addressees