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| Markets in Financial Instruments Directive (MiFID) DIRECTIVE 2004/39/EC Article 6 Scope of authorisation 1. The home Member State shall ensure that the authorization specifies the investment services or activities which the investment firm is authorised to provide. The authorization may cover one or more of the ancillary services set out in Section B of Annex I. Authorisation shall in no case be granted solely for the provision of ancillary services. 2. An investment firm seeking authorisation to extend its business to additional investment services or activities or ancillary services not foreseen at the time of initial authorization shall submit a request for extension of its authorisation. 3. The authorisation shall be valid for the entire Community and shall allow an investment firm to provide the services or perform the activities, for which it has been authorised, throughout the Community, either through the establishment of a branch or the free provision of services. |
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