Draft technical standards on the provision of investment services and activities in the Union by third-country firms under MiFID II and MiFIR

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Type of event
Investor protection

Who should read this paper

This paper is primarily of interest to third-country firms providing investment services and activities in the Union either (i) on a cross-border basis according to the national law of their host Member State or (ii) though a branch in accordance with Chapter IV (Provision of investment services and activities by third country firms) of Title II (Authorisation and operation conditions for investment firms) of Directive 2014/65/EU of the European Parliament and of the Council (MiFID II), and their third-country competent authorities. This paper may also be of interest to competent authorities in the Union and firms that are subject to MiFID II and MiFIR

Responding to this paper  

ESMA invites comments on this paper and in particular on the specific questions summarised in Annex I. Comments are most helpful if they:

  • respond to the question stated;
  • indicate the specific question to which the comment relates;
  • contain a clear rationale; and
  • describe any alternatives ESMA should consider.

ESMA will consider all comments received by 28 April 2020.  

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’.

Activity Institution Download
Investment Services ANASF
  • 55179
Insurance and Pension European Federation of Financial Advisers and Financial Intermediaries (FECIF)
  • 55185
Asset Management AIMA
  • 55241
Others Deontea Ltd
  • 55293
Banking UK Finance
  • 55423
Banking Swiss Bankers Association
  • 55452
Others FIA and ISDA
  • 55453
Asset Management The Investment Association
  • 55455
Regulated markets Deutsche Börse Group
  • 55456
Others Bloomberg
  • 55587
Banking The Association for Financial Markets in Europe
  • 55460
Others FIA European Principal Traders Association (FIA EPTA)
  • 55588
Exchanges and Trading Systems London Stock Exchange Group plc (LSEG)
  • 55462
Others European Investors' Association VEB
  • 55463
Investment Services Invest Europe
  • 55591