investment firms

Defined in Article 3, Directive 2006/49/EC

Uses as of 22/10/2012

Definitions over time (1)

1. 20/03/2008 – 01/01/2014 applies on 22/10/2012 Article 3, Directive 2006/49/EC Scope: Whole act

   For the purposes of this Directive the following definitions shall apply:

   ‘investment firms’ means institutions as defined in Article 4(1)(1) of Directive 2004/39/EC, which are subject to the requirements imposed by that Directive, excluding: credit institutions; local firms as defined in point (p); and firms which are only authorised to provide the service of investment advice and/or receive and transmit orders from investors without holding money or securities belonging to their clients and which for that reason may not at any time place themselves in debt with those clients;

Used in (134 places in 43 provisions on 22/10/2012)

Directive 2006/49/EC (134 in 43)

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