AI Summary of Article 1 Scope
This Directive governs investment firms, market operators, and third-country firms that offer investment services or conduct activities via a branch within the EU. It sets forth the necessary authorisation and operational prerequisites, including supervision and enforcement protocols by relevant authorities.
Furthermore, certain provisions apply specifically to credit institutions as outlined in Directive 2013/36/EU when they engage in investment services or structured deposits. This includes regulations on client advisory roles and member obligations within regulated markets, ensuring a cohesive regulatory framework across various entities operating in the investment landscape.
Article 1 Scope
1. This Directive shall apply to investment firms, market operators, and third-country firms providing investment services or performing investment activities through the establishment of a branch in the Union.
2. This Directive establishes requirements in relation to the following:
(a) authorisation and operating conditions for investment firms;
(b) provision of investment services or activities by third-country firms through the establishment of a branch;
(c) authorisation and operation of regulated markets;
(d) [deleted]
(e) supervision, cooperation and enforcement by competent authorities.
3. The following provisions shall also apply to credit institutions authorised under Directive 2013/36/EU, when providing one or more investment services and/or performing investment activities:
(a) Article 2(2), Article 9(3) and Articles 14 and 16 to 20,