What changes on 22/09/2006
The text in force from 12/01/2002 compared with the text from 22/09/2006.
141 inserted
0 amended
0 deleted
0 moved
Read the act as of 22/09/2006 · other versions:
Chapter I
- inserted Article 1 - Subject-matter and scope
- inserted Article 2 - Definitions
- inserted Article 3 - Conditions applying to the provision of information
- inserted Article 4 - Additional requirements on investment firms in certain cases
Chapter II › Section 1
- inserted Article 5 - (Article 13(2) to (8) of Directive 2004/39/EC) General organisational requirements
- inserted Article 6 - (Article 13(2) of Directive 2004/39/EC) Compliance
- inserted Article 7 - (second subparagraph of Article 13(5) of Directive 2004/39/EC) Risk management
- inserted Article 8 - (second subparagraph of Article 13(5) of Directive 2004/39/EC) Internal audit
- inserted Article 9 - (Article 13(2) of Directive 2004/39/EC) Responsibility of senior management
- inserted Article 10 - (Article 13(2) of Directive 2004/39/EC) Complaints handling
- inserted Article 11 - (Article 13(2) of Directive 2004/39/EC) Meaning of personal transaction
- inserted Article 12 - (Article 13(2) of Directive 2004/39/EC) Personal transactions
Chapter II › Section 2
- inserted Article 13 - (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC) Meaning of critical and important operational functions
- inserted Article 14 - (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC) Conditions for outsourcing critical or important operational functions or investment services or activities
- inserted Article 15 - (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC) Service providers located in third countries
Chapter II › Section 3
- inserted Article 16 - (Article 13(7) and (8) of Directive 2004/39/EC) Safeguarding of client financial instruments and funds
- inserted Article 17 - (Article 13(7) of Directive 2004/39/EC) Depositing client financial instruments
- inserted Article 18 - (Article 13(8) of Directive 2004/39/EC) Depositing client funds
- inserted Article 19 - (Article 13(7) of Directive 2004/39/EC) Use of client financial instruments
- inserted Article 20 - (Article 13(7) and (8) of Directive 2004/39/EC) Reports by external auditors
Chapter II › Section 4
- inserted Article 21 - (Articles 13(3) and 18 of Directive 2004/39/EC) Conflicts of interest potentially detrimental to a client
- inserted Article 22 - (Articles 13(3) and 18(1) of Directive 2004/39/EC) Conflicts of interest policy
- inserted Article 23 - (Article 13(6) of Directive 2004/39/EC) Record of services or activities giving rise to detrimental conflict of interest
- inserted Article 24 - (Article 19(2) of Directive 2004/39/EC) Investment research
- inserted Article 25 - (Article 13(3) of Directive 2004/39/EC) Additional organisational requirements where a firm produces and disseminates investment research
Chapter III › Section 1
Chapter III › Section 2
- inserted Article 27 - (Article 19(2) of Directive 2004/39/EC) Conditions with which information must comply in order to be fair, clear and not misleading
- inserted Article 28 - (Article 19(3) of Directive 2004/39/EC) Information concerning client categorisation
- inserted Article 29 - (Article 19(3) of Directive 2004/39/EC) General requirements for information to clients
- inserted Article 30 - (first indent of Article 19(3) of Directive 2004/39/EC) Information about the investment firm and its services for retail clients and potential retail clients
- inserted Article 31 - (second indent of Article 19(3) of Directive 2004/39/EC) Information about financial instruments
- inserted Article 32 - (first indent of Article 19(3) of Directive 2004/39/EC) Information requirements concerning safeguarding of client financial instruments or client funds
- inserted Article 33 - (fourth indent of Article 19(3) of Directive 2004/39/EC) Information about costs and associated charges
- inserted Article 34 - (second and fourth indent of Article 19(3) of Directive 2004/39/EC) Information drawn up in accordance with Directive 85/611/EEC
Chapter III › Section 3
- inserted Article 35 - (Article 19(4) of Directive 2004/39/EC) Assessment of suitability
- inserted Article 36 - (Article 19(5) of Directive 2004/39/EC) Assessment of appropriateness
- inserted Article 37 - (Article 19(4) and (5) of Directive 2004/39/EC) Provisions common to the assessment of suitability or appropriateness
- inserted Article 38 - (first indent of Article 19(6) of Directive 2004/39/EC) Provision of services in non-complex instruments
- inserted Article 39 - (Article 19(1) and 19(7) of Directive 2004/39/EC) Retail client agreement
Chapter III › Section 4
- inserted Article 40 - (Article 19(8) of Directive 2004/39/EC) Reporting obligations in respect of execution of orders other than for portfolio management
- inserted Article 41 - (Article 19(8) of Directive 2004/39/EC) Reporting obligations in respect of portfolio management
- inserted Article 42 - (Article 19(8) of Directive 2004/39/EC) Additional reporting obligations for portfolio management or contingent liability transactions
- inserted Article 43 - (Article 19(8) of Directive 2004/39/EC) Statements of client financial instruments or client funds
Chapter III › Section 5
- inserted Article 44 - (Articles 21(1) and 19(1) of Directive 2004/39/EC) Best execution criteria
- inserted Article 45 - (Article 19(1) of Directive 2004/39/EC) Duty of investment firms carrying out portfolio management and reception and transmission of orders to act in the best interests of the client
- inserted Article 46 - (Article 21(3) and (4) of Directive 2004/39/EC) Execution policy
Chapter III › Section 6
- inserted Article 47 - (Articles 22(1) and 19(1) of Directive 2004/39/EC) General principles
- inserted Article 48 - (Articles 22(1) and 19(1) of Directive 2004/39/EC) Aggregation and allocation of orders
- inserted Article 49 - (Articles 22(1) and 19(1) of Directive 2004/39/EC) Aggregation and allocation of transactions for own account
Chapter III › Section 7
Chapter III › Section 8
Chapter III › Section 9
Outside any heading
- inserted Recital 1
- inserted Recital 2
- inserted Recital 3
- inserted Recital 4
- inserted Recital 5
- inserted Recital 6
- inserted Recital 7
- inserted Recital 8
- inserted Recital 9
- inserted Recital 10
- inserted Recital 11
- inserted Recital 12
- inserted Recital 13
- inserted Recital 14
- inserted Recital 15
- inserted Recital 16
- inserted Recital 17
- inserted Recital 18
- inserted Recital 19
- inserted Recital 20
- inserted Recital 21
- inserted Recital 22
- inserted Recital 23
- inserted Recital 24
- inserted Recital 25
- inserted Recital 26
- inserted Recital 27
- inserted Recital 28
- inserted Recital 29
- inserted Recital 30
- inserted Recital 31
- inserted Recital 32
- inserted Recital 33
- inserted Recital 34
- inserted Recital 35
- inserted Recital 36
- inserted Recital 37
- inserted Recital 38
- inserted Recital 39
- inserted Recital 40
- inserted Recital 41
- inserted Recital 42
- inserted Recital 43
- inserted Recital 44
- inserted Recital 45
- inserted Recital 46
- inserted Recital 47
- inserted Recital 48
- inserted Recital 49
- inserted Recital 50
- inserted Recital 51
- inserted Recital 52
- inserted Recital 53
- inserted Recital 54
- inserted Recital 55
- inserted Recital 56
- inserted Recital 57
- inserted Recital 58
- inserted Recital 59
- inserted Recital 60
- inserted Recital 61
- inserted Recital 62
- inserted Recital 63
- inserted Recital 64
- inserted Recital 65
- inserted Recital 66
- inserted Recital 67
- inserted Recital 68
- inserted Recital 69
- inserted Recital 70
- inserted Recital 71
- inserted Recital 72
- inserted Recital 73
- inserted Recital 74
- inserted Recital 75
- inserted Recital 76
- inserted Recital 77
- inserted Recital 78
- inserted Recital 79
- inserted Recital 80
- inserted Recital 81
- inserted Recital 82
- inserted Recital 83
- inserted Recital 84
- inserted Recital 85
- inserted Preamble
Chapter IV
- inserted Article 53 - Transposition
- inserted Article 54 - Entry into force
- inserted Article 55 - Addressees