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MiFID: Difference between revisions
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(see [http://www.hsbcnet.com/gbm/global-insights/insights/2012/mifid-2-progress-and-post-trade-implications.html HSBC note on the subject]). | (see [http://www.hsbcnet.com/gbm/global-insights/insights/2012/mifid-2-progress-and-post-trade-implications.html HSBC note on the subject]). | ||
====Art 18(1) of the [[MiFID Implementing Directive]]==== | |||
{{box|1. Member States shall require investment firms, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following:<br> | |||
(a) a central bank; <br> | |||
(b) a credit institution authorised in accordance with Directive 2000/12/EC; <br> | |||
(c) a bank authorised in a third country; <br>}} | |||
====Under MiFID 2 Custody could become an {{eudirprov|investment service|MiFID}}==== | ====Under MiFID 2 Custody could become an {{eudirprov|investment service|MiFID}}==== | ||