Q&A · ESMA
Scope of the ancillary activity test
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Third-country firms, including third-country subsidiaries of EU firms, dealing in commodity derivatives or emission allowances on EU venues are outside the ancillary-activity test in Delegated Regulation 2021/1833 and need not notify any EU authority or ESMA that they use the exemption.
Details
| Reference | ESMA_QA_1317 |
|---|---|
| Issuer | ESMA |
| Published | 23 Sept 2022 |
| Answered | 23 Sept 2022 |
| Submitted | 23 Sept 2022 |
| ESMA topics | Ancillary activity |
| Earlier Q&A document | ESMA 70-872942901-36 Commodity derivatives, Ancillary activity, Q&A 14 |
Provisions it relates to
- Article 2 MiFID II · ExemptionsInferred · 85%
- MiFID II (whole act)Explicit reference