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UK · assimilated regulation

UK MiFID Org RegCommission Delegated Regulation (EU) 2017/565 as it formed part of UK law (UK MiFID Org Reg)

Revoked
Read the official text on legislation.gov.uk(opens in a new tab)

UK version of Delegated Regulation (EU) 2017/565. Changes the FCA made by standards instruments are not recorded on legislation.gov.uk, so this page cannot show whether the UK version has diverged.

Contents

CHAPTER I: SCOPE AND DEFINITIONS

  1. Article A1 Application (revoked)
  2. Article 1 Subject-matter and scope (revoked)
  3. Article 2 Definitions (revoked)
  4. Article 3 Conditions applying to the provision of information (revoked)
  5. Article 4 Provision of investment service in an incidental manner ... (revoked)
  6. Article 5 Wholesale energy products that must be physically settled ... (revoked)
  7. Article 6 Energy derivative contracts relating to oil and coal and wholesale energy products ... (revoked)
  8. Article 7 Other derivative financial instruments ... (revoked)
  9. Article 8 Derivatives under paragraph 10 of Part 1 of Schedule 2 to the Regulated Activities Order ... (revoked)
  10. Article 9 Investment advice ... (revoked)
  11. Article 10 Characteristics of other derivative contracts relating to currencies (revoked)
  12. Article 11 Money-market instruments ... (revoked)
  13. Article 12 Systematic internalisers for shares, depositary receipts, ETFs, certificates and other similar financial instruments ... (revoked)
  14. Article 13 Systematic internalisers for bonds ... (revoked)
  15. Article 14 Systematic internalisers for structured finance products ... (revoked)
  16. Article 15 Systematic internalisers for derivatives ... (revoked)
  17. Article 16 Systematic internalisers for emission allowances ... (revoked)
  18. Article 16ZA Transitional period: data for calculations (revoked)
  19. Article 16a Participation in matching arrangements (revoked)
  20. Article 17 Relevant assessment periods ... (revoked)
  21. Article 18 Algorithmic trading ... (revoked)
  22. Article 19 High frequency algorithmic trading technique ... (revoked)
  23. Article 20 Direct electronic access ... (revoked)

CHAPTER II: ORGANISATIONAL REQUIREMENTS

SECTION 1: Organisation

  1. Article 21 General organisational requirements ... (revoked)
  2. Article 22 Compliance ... (revoked)
  3. Article 23 Risk management ... (revoked)
  4. Article 24 Internal audit ... (revoked)
  5. Article 25 Responsibility of senior management ... (revoked)
  6. Article 26 Complaints handling ... (revoked)
  7. Article 27 Remuneration policies and practices ... (revoked)
  8. Article 28 Scope of personal transactions ... (revoked)
  9. Article 29 Personal transactions ... (revoked)

SECTION 2: Outsourcing

  1. Article 30 Scope of critical and important operational functions ... (revoked)
  2. Article 31 Outsourcing critical or important operational functions ... (revoked)
  3. Article 32 Service providers located in third countries ... (revoked)

SECTION 3: Conflicts of interest

  1. Article 33 Conflicts of interest potentially detrimental to a client ... (revoked)
  2. Article 34 Conflicts of interest policy ... (revoked)
  3. Article 35 Record of services or activities giving rise to detrimental conflict of interest ... (revoked)
  4. Article 36 Investment research and marketing communications ... (revoked)
  5. Article 37 Additional organisational requirements in relation to investment research or marketing communications ... (revoked)
  6. Article 38 Additional general requirements in relation to underwriting or placing ... (revoked)
  7. Article 39 Additional requirements in relation to pricing of offerings in relation to issuance of financial instruments ... (revoked)
  8. Article 40 Additional requirements in relation to placing ... (revoked)
  9. Article 41 Additional requirements in relation to advice, distribution and self-placement ... (revoked)
  10. Article 42 Additional requirements in relation to lending or provision of credit in the context of underwriting or placement ... (revoked)
  11. Article 43 Record keeping in relation to underwriting or placing ... (revoked)

CHAPTER III: OPERATING CONDITIONS FOR INVESTMENT FIRMS

SECTION 1: Information to clients and potential clients

  1. Article 44 Fair, clear and not misleading information requirements ... (revoked)
  2. Article 45 Information concerning client categorisation ... (revoked)
  3. Article 46 General requirements for information to clients ... (revoked)
  4. Article 47 Information about the investment firm and its services for clients and potential clients ... (revoked)
  5. Article 48 Information about financial instruments ... (revoked)
  6. Article 49 Information concerning safeguarding of client financial instruments or client funds ... (revoked)
  7. Article 50 Information on costs and associated charges ... (revoked)
  8. Article 51 Information provided in relation to units in collective investment undertakings or PRIIPs ... (revoked)

SECTION 2: Investment advice

  1. Article 52 Information about investment advice ... (revoked)
  2. Article 53 Investment advice on an independent basis ... (revoked)

SECTION 3: Assessment of suitability and appropriateness

  1. Article 54 Assessment of suitability and suitability reports ... (revoked)
  2. Article 55 Provisions common to the assessment of suitability or appropriateness ... (revoked)
  3. Article 56 Assessment of appropriateness and related record-keeping obligations ... (revoked)
  4. Article 57 Provision of services in non-complex instruments ... (revoked)
  5. Article 58 Retail and Professional Client agreements ... (revoked)

SECTION 4: Reporting to clients

  1. Article 59 Reporting obligations in respect of execution of orders other than for portfolio management ... (revoked)
  2. Article 60 Reporting obligations in respect of portfolio management ... (revoked)
  3. Article 61 Reporting obligations in respect of eligible counterparties ... (revoked)
  4. Article 62 Additional reporting obligations for portfolio management or contingent liability transactions ... (revoked)
  5. Article 63 Statements of client financial instruments or client funds ... (revoked)

SECTION 5: Best execution

  1. Article 64 Best execution criteria ... (revoked)
  2. Article 65 Duty of investment firms carrying out portfolio management and reception and transmission of orders to act in the best interests of the client ... (revoked)
  3. Article 66 Execution policy ... (revoked)

SECTION 6: Client order handling

  1. Article 67 General principles ... (revoked)
  2. Article 68 Aggregation and allocation of orders ... (revoked)
  3. Article 69 Aggregation and allocation of transactions for own account ... (revoked)
  4. Article 70 Prompt fair and expeditious execution of client orders and publication of unexecuted client limit orders for shares traded on a trading venue ... (revoked)

SECTION 7: Eligible counterparties

  1. Article 71 Eligible counterparties ... (revoked)

SECTION 8: Record-keeping

  1. Article 72 Retention of records ... (revoked)
  2. Article 73 Record keeping of rights and obligations of the investment firm and the client ... (revoked)
  3. Article 74 Record keeping of client orders and decision to deal ... (revoked)
  4. Article 75 Record keeping of transactions and order processing ... (revoked)
  5. Article 76 Recording of telephone conversations or electronic communications ... (revoked)

SECTION 9: SME growth markets

  1. Article 77 Qualification as an SME ... (revoked)
  2. Article 78 Registration as an SME growth market ... (revoked)
  3. Article 79 Deregistration as an SME growth market ... (revoked)

CHAPTER IV: OPERATING OBLIGATIONS FOR TRADING VENUES

  1. Article 80 Circumstances constituting significant damage to investors' interests and the orderly functioning of the market ... (revoked)
  2. Article 81 Circumstances where significant infringements of the rules of a trading venue or disorderly trading conditions or system disruptions in relation to a financial instrument may be assumed ... (revoked)
  3. Article 82 Circumstances where a conduct indicating behaviour that is prohibited under Regulation (EU) No 596/2014 may be assumed ... (revoked)

CHAPTER V: POSITION REPORTING IN COMMODITY DERIVATIVES

  1. Article 83 Position reporting ... (revoked)

CHAPTER VI: DATA PROVISION OBLIGATIONS FOR DATA REPORTING SERVICE PROVIDERS

  1. Article 84 Obligation to provide market data on a reasonable commercial basis ... (revoked)
  2. Article 85 Provision of market data on the basis of cost ... (revoked)
  3. Article 86 Obligation to provide market data on a non-discriminatory basis ... (revoked)
  4. Article 87 Per user fees ... (revoked)
  5. Article 88 Unbundling and disaggregating market data ... (revoked)
  6. Article 89 Transparency obligation ... (revoked)

CHAPTER VII: COMPETENT AUTHORITIES AND FINAL PROVISIONS

  1. Article 90 Determination of the substantial importance of the operations of a trading venue in a host Member State(Article 79(2) of Directive 2014/65/EU) (revoked)

CHAPTER VIII: FINAL PROVISIONS

  1. Article 91 Entry into force and application (revoked)
  1. Annex I Record-keeping (revoked)
  2. Annex II Costs and charges (revoked)
  3. Annex III Requirement for operators of trading venues to immediately inform their national competent authority (revoked)
  4. Annex IV (revoked)

Restated in FCA rules

UK MiFID Org Reg has been revoked. These Handbook provisions were made to restate it. Where the evidence ties a provision to an article, that article’s page lists it.

396 Handbook provisions

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