Requirement (MIFID)
Article 6 Scope of authorisation
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. The home Member State shall ensure that the authorisation specifies
the investment services or activities which the investment firm is
authorised to provide. The authorisation may cover one or more of the
ancillary services set out in Section B of Annex I. Authorisation shall in
no case be granted solely for the provision of ancillary services.
2. An investment firm seeking authorisation to extend its business to
additional investment services or activities or ancillary services not foreseen
at the time of initial authorisation shall submit a request for extension
of its authorisation.
3. The authorisation shall be valid for the entire Community and shall
allow an investment firm to provide the services or perform the activities,
for which it has been authorised, throughout the Community, either
through the establishment of a branch or the free provision of services.