Template:MiFID 2 39: Difference between revisions

Template:MiFID 2 39 (view source)

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	Article {{mifid2prov\|39}} ''{{mifid2prov\|Establishment of a branch}}'''		Article {{mifid2prov\|39}} '''{{mifid2prov\|Establishment of a branch}}'''

	1. A {{mifid2prov\|Member State}} may require that a {{mifid2prov\|third-country firm}} intending to provide {{mifid2prov\|investment service}}s or perform investment activities with or without any {{mifid2prov\|ancillary service}}s to {{mifid2prov\|retail client}}s or to {{mifid2prov\|professional client}}s within the meaning of Section II of Annex II in its territory establish a {{mifid2prov\|branch}} in that {{mifid2prov\|Member State}}.		1. A {{mifid2prov\|Member State}} may require that a {{mifid2prov\|third-country firm}} intending to provide {{mifid2prov\|investment service}}s or perform investment activities with or without any {{mifid2prov\|ancillary service}}s to {{mifid2prov\|retail client}}s or to {{mifid2prov\|professional client}}s within the meaning of Section II of Annex II in its territory establish a {{mifid2prov\|branch}} in that {{mifid2prov\|Member State}}.