EU · MiFID II · TITLE VI COMPETENT AUTHORITIES · CHAPTER II Cooperation between the competent authorities of the Member States and with ESMA

Article 79 MiFID IIObligation to cooperate

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Requires competent authorities to cooperate and exchange information with each other and ESMA under MiFID II and MiFIR, including on criminal proceedings and recovery of fines, through a single contact point per Member State. It requires proportionate cooperation arrangements for trading venues of substantial importance in a host Member State, notification of suspected breaches by entities in other Member States, and cooperation on commodity derivatives and position management.

Level 2: delegated and implementing acts

ITSIn forceLegal basis
Commission Implementing Regulation (EU) 2017/988 of 6 June 2017 laying down implementing technical standards with regard to standard forms, templates and procedures for cooperation arrangements in respect of a trading venue whose operations are of substantial importance in a host Member State
European Commission · 13 Jun 2017 · EUR-Lex
AI summaryITS providing standard forms, templates and procedures for cooperation arrangements between home and host competent authorities where a trading venue's operations have become of substantial importance in a host Member State, covering requests, information sharing, consultation and assistance.
Delegated actIn forceLegal basis
Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryThe main MiFID II Delegated Regulation: defines key terms (such as investment advice, systematic internaliser, algorithmic and high-frequency trading, and direct electronic access) and sets detailed organisational requirements and operating conditions for investment firms, including compliance, conflicts of interest, remuneration, client information, suitability and appropriateness, best execution, client order handling, reporting to clients, record keeping and transaction-level obligations.

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

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.