Requirement (MIFID)
Article 33 Access to regulated markets
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. Member States shall require that investment firms from other
Member States which are authorised to execute client orders or to deal
on own account have the right of membership or have access to regulated
markets established in their territory by means of any of the
following arrangements:
(a) directly, by setting up branches in the host Member States;
(b) by becoming remote members of or having remote access to the
regulated market without having to be established in the home
Member State of the regulated market, where the trading procedures
and systems of the market in question do not require a physical
presence for conclusion of transactions on the market.
2. Member States shall not impose any additional regulatory or
administrative requirements, in respect of matters covered by this Directive,
on investment firms exercising the right conferred by paragraph 1.