MiFID II Delegated Directive definition

MiFID II Delegated Directive means Commission Delegated Directive (EU) of 7 April 2016
Sample 1Sample 2Sample 3
MiFID II Delegated Directive means Commission Delegated Directive (EU) of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits;
Sample 1Sample 2Sample 3
MiFID II Delegated Directive means Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (as amended from time to time), as transposed into the relevant national laws;
Sample 1

Examples of MiFID II Delegated Directive in a sentence

  • Where appropriate, any such arrangements will comply with the requirements of Article 11 of the MiFID II Delegated Directive.

  • The Dealer, as the manufacturer, declares that it is subject to the obligations as set out in Articles 16(3) and 24(2) of MiFID II Directive, Article 9 of the MiFID II Delegated Directive and as further articulated in ESMA’s Final Report of 2 June 2017.

  • Both the manufacturer and the distributor retain their responsibility for their obligations to identify a target market as described in MiFID II and the MiFID II Delegated Directive and further specified in these guidelines to identify a target market.

  • As they usually do not have direct client contact, and in accordance with subparagraph 2 of Article 9(9) of the MiFID II Delegated Directive, this means that their target market identification may be based inter alia on their theoretical knowledge and experience of the product.

  • These guidelines should, in accordance with subparagraph 2 of Article 9(1), and subparagraph 1 of Article 10(1) of the MiFID II Delegated Directive, be applied in a way that is appropriate and proportionate, taking into account the nature of the investment product, the investment service and the target market of the product.

  • Article 16(3) MiFID II and Articles 9 and 10 of the MiFID II Delegated Directive require manufacturers and distributors to review products on a regular basis to assess whether the product remains consistent with the needs, characteristics and objectives of the identified target market and whether the intended distribution strategy remains appropriate.

  • In line with Recital 20 of the MiFID II Delegated Directive, relevant information could include, for example, information on which distribution channels have been employed, the proportion of sales made outside the target market, summary information of the types of client, a summary of any complaints received and questions suggested by the manufacturer to a sample of clients for feedback.

  • Where appropriate, any such arrangements will comply with the requirements of Article 11 of MiFID II Delegated Directive.

  • Furthermore, Article 9(10) of the MiFID II Delegated Directive requires manufacturers ‘to undertake a scenario analysis of their financial instruments which shall assess the risks of poor outcomes for end clients posed by the product and in which circumstances these outcomes may occur.

  • If the product is deemed appropriate for a sale without advice, the firm could also specify the preferred acquisition channel.6 See Recital 19 of the MiFID II Delegated Directive.


More Definitions of MiFID II Delegated Directive

MiFID II Delegated Directive meansCommission Delegated Directive (EU) of 7 April 2016 supplementing
Sample 1
MiFID II Delegated Directive means the Commission Delegated Directive (EU) supplementing MiFID II with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits;
Sample 1Sample 2
MiFID II Delegated Directive means Commission Delegated Directive (EU) of 7
Sample 1

Related to MiFID II Delegated Directive

  • Compliance Committee means the committee referenced under the Federated Code of Business Conduct and Ethics, consisting of, among others, the Chief Compliance Officer, the General Counsel, the Chief Audit Executive and the Chief Risk Officer.

  • Waste Framework Directive or “WFD” means Waste Framework Directive 2008/98/EC of the European Parliament and of the Council on waste

  • Technical Committee means the body established in accordance with article VII;

  • Union Delegate means an Employee elected by Union members and endorsed by the Union to represent the interests of Union members. All parties to this Agreement shall be notified as soon as practicable after the election of a Union Delegate. Union or CFMEU means The Construction, Forestry, Maritime, Mining and Energy Union (Queensland Northern Territory Construction and General Divisional Branch).

  • Appeals Board means the commissioners and deputy commissioners of the Workers’ Compensation Appeals Board acting en banc, in panels, or individually.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.