ESMA_QA_1578
31/01/2017
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Subject Matter
Level at which the firm must perform the calculation where it is part of a group or operates EU branches
Do the calculations to identify if an investment firm is systematic internaliser have to be carried out at legal entity level or a group level? How are branches of investment firms being treated?
ESMA Answer
31-01-2017

This question was deleted on 10 October 2025.
 

Status: Published Answer Updated

Additional Information

Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Level 2 Regulation
Regulation 2017/565 - MiFID II Delegated Regulation
Topic
Systematic internaliser regime