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EU · MiFID II · TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS · CHAPTER III Rights of investment firms

Article 38 MiFID IIProvisions regarding CCPs, clearing and settlement arrangements in respect of MTFs

In force
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AI-generated What this provision does

MTF operators may use CCPs, clearing houses and settlement systems in other Member States, and their competent authority may object only where demonstrably necessary for the MTF's orderly functioning, taking account of oversight already exercised by central banks and other supervisors.

Commentary

No law-firm commentary is linked to this provision yet.

393 more documents relate to MiFID II as a whole without naming an article.

UK counterpart

UK transposition not traced in the FCA Handbook. It may sit in FSMA, the Regulated Activities Order or SI 2017/701, which are not yet mapped.

Version history

  1. From 17 Sept 2014

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.