EU · MiFID II · TITLE VI COMPETENT AUTHORITIES · CHAPTER II Cooperation between the competent authorities of the Member States and with ESMA
Article 86 MiFID IIPrecautionary measures to be taken by host Member States
Where a host authority has clear grounds to believe a firm operating under the freedom to provide services or through a branch is breaching rules for which the home state is responsible, it must refer the matter to the home authority and, if the firm persists, may take measures to protect investors, including stopping new transactions, and refer the matter to ESMA. For branch breaches of host-state rules, the host authority acts directly; similar rules cover regulated markets and MTFs/OTFs operating remotely.
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.