What changes on 20/04/2017

The text in force from 03/12/2004 compared with the text from 20/04/2017.

Read the act as of 20/04/2017 · other versions: 22/11/2022 · 06/06/2026

Chapter I

• inserted Article 1 - Scope and definitions

Chapter II

• inserted Article 2 - Safeguarding of client financial instruments and funds
• inserted Article 3 - Depositing client financial instruments
• inserted Article 4 - Depositing client funds
• inserted Article 5 - Use of client financial instruments
• inserted Article 6 - Inappropriate use of title transfer collateral arrangements
• inserted Article 7 - Governance arrangements concerning the safeguarding of client assets
• inserted Article 8 - Reports by external auditors

Chapter III

• inserted Article 9 - Product governance obligations for investment firms manufacturing financial instruments
• inserted Article 10 - Product governance obligations for distributors

Chapter IV

• inserted Article 11 - Inducements
• inserted Article 12 - Inducements in respect of investment advice on an independent basis or portfolio management services
• inserted Article 13 - Inducements in relation to research

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 Preamble

Chapter V

• inserted Article 14 - Entry into force and application
• inserted Article 15
• inserted Article 16