ESMA_QA_2919
15/09/2026
Subject Matter
Extraterritorirality of investor protection rules under MiFID II
Original question
Do rules on investor protection set out in Directive 2014/65/ EU on markets in financial instruments (MiFID II) apply to investment firms, based and authorised in the EU, when they provide investment services to clients outside the EU?
Status: Forwarded to EC/Public Consultation/Other
Additional Information
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries
Topic
Provision of investment services and activities by third country firms