branch

Uses as of 01/07/2016

Definitions over time (1)

01/07/2016 – 31/12/2019 applies on 01/07/2016 Article 4, Directive 2014/65/EU (MIFID II) Scope: Whole act

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

‘branch’ means a place of business other than the head office which is a part of an investment firm, which has no legal personality and which provides investment services and/or activities and which may also perform ancillary services for which the investment firm has been authorised; all the places of business set up in the same Member State by an investment firm with headquarters in another Member State shall be regarded as a single branch;

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