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Markets in Financial
Instruments Directive (MiFID)
DIRECTIVE 2004/39/EC
Article 65
Reports and review
1. Before.......... (*), the Commission shall, on the basis of
public consultation and in the light of discussions with competent
authorities, report to the European Parliament and
Council on the possible extension of the scope of the provisions
of the Directive concerning pre and post-trade transparency
obligations to transactions in classes of financial instrument
other than shares.
2. Before......... (**), the Commission shall present a report to
the European Parliament and to the Council on the application of
Article 27.
3. Before.......... (***), the Commission shall, on the basis of
public consultations and in the light of discussions with
competent authorities, report to the European Parliament and
Council on:
(a) the continued appropriateness of the exemption under Article
2(1)(k) for undertakings whose main business is dealing on own
account in commodity derivatives;
(b) the content and form of proportionate requirements for the
authorisation and supervision of such undertakings as investment
firms within the meaning of this Directive;
(c) the appropriateness of rules concerning the appointment of
tied agents in performing investment services and/or activities,
in particular with respect to the supervision on them;
(d) the continued appropriateness of the exemption under of
Article 2(1)(i).
4. Before............... (***), the Commission shall present a
report to the European Parliament and the Council on the state of
the removal of the obstacles which may prevent the consolidation
at the European level of the information that trading venues are
required to publish.
5. On the basis of the reports referred to in paragraphs 1 to 4,
the Commission may submit proposals for related amendments to this
Directive.
6. Before............ (****), the Commission shall, in the light
of discussions with competent authorities, report to the European
Parliament and Council on the continued appropriateness of the
requirements for professional indemnity insurance imposed on
intermediaries under Community law.
(*) 2 years after the entry into force of this Directive. (**) 3 years after the entry into force of this Directive. (***) 30 months after the entry into force of this Directive. (****) 1 year after the entry into force of this Directive. |
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