Requirement (MIFID)
Article 17 General obligation in respect of on-going supervision
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. Member States shall ensure that the competent authorities monitor
the activities of investment firms so as to assess compliance with the
operating conditions provided for in this Directive. Member States shall
ensure that the appropriate measures are in place to enable the competent
authorities to obtain the information needed to assess the compliance
of investment firms with those obligations.
2. In the case of investment firms which provide only investment
advice, Member States may allow the competent authority to delegate
administrative, preparatory or ancillary tasks related to the regular monitoring
of operational requirements, in accordance with the conditions
laid down in Article 48(2).