Ancillary to the main business at a group level - MiFID 2 Provision: Difference between revisions

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{{mifidprov|2(4)}}.  [[ESMA]] shall develop draft [[regulatory technical standard|regulatory technical standards]] to specify, for the purposes of point (j) of paragraph 1, the criteria for establishing when an activity is to be considered to be [[ancillary to the main business at a group level]].
{{mifid2prov|2(4)}}.  [[ESMA]] shall develop draft [[regulatory technical standard|regulatory technical standards]] to specify, for the purposes of point (j) of paragraph 1, the criteria for establishing when an activity is to be considered to be [[ancillary to the main business at a group level]].


Those criteria shall take into account at least the following elements:
Those criteria shall take into account at least the following elements: