investment firms
Defined in Article 3, Commission Delegated Regulation (EU) 2015/63
Definitions over time (2)
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06/06/2026 – today applies on 12/11/2026 Article 3, Commission Delegated Regulation (EU) 2015/63 Scope: Whole act
For the purposes of this Regulation, the definitions contained in Directive 2014/49/EU of the European Parliament and of the Council (^{1}) and Directive 2014/59/EU shall apply. For the purpose of this Regulation, the following definitions shall also apply:
‘investment firms’ means investment firms as defined in Article 2(1), point (3), of Directive 2014/59/EU, excluding investment firms that fulfil any of the following conditions: deal on own account only for the purpose of fulfilling or executing a client order or for the purpose of gaining entrance to a clearing and settlement system or a recognised exchange when acting in an agency capacity or executing a client order; meet all the following conditions: they do not hold client money or securities; they undertake only dealing on own account; they have no external customers; their execution and settlement transactions take place under the responsibility of a clearing institution and are guaranteed by that clearing institution;
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17/01/2015 – 06/06/2026 Article 3, Commission Delegated Regulation (EU) 2015/63 Scope: Whole act
For the purposes of this Regulation, the definitions contained in Directive 2014/49/EU of the European Parliament and of the Council (^{1}) and Directive 2014/59/EU shall apply. For the purpose of this Regulation, the following definitions shall also apply:
‘investment firms’ means investment firms as defined in point (3) of Article 2(1) of Directive 2014/59/EU, excluding investment firms which fall within the definition of Article 96(1)(a) or (b) of Regulation (EU) No 575/2013 or investment firms which carry out activity 8 of Annex I Section A of Directive 2004/39/EC of the European Parliament and of the Council (^{2}) but which do not carry out activities 3 or 6 of Annex I Section A of that Directive;
Earlier definition records in this act (1)
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- Article 3(2) Historical · definitions end 17/01/2015