+Article 6 3.

Article 6 3.

By way of derogation from paragraph 2, Member States may authorise management companies to provide, in addition to the management of UCITS, the following services:

(a) 

management of portfolios of investments, including those owned by pension funds, in accordance with mandates given by investors on a discretionary, client-by-client basis, where such portfolios include one or more of the instruments listed in Annex I, Section C to Directive 2004/39/EC; and

(b) 

as non-core services:

(i) 

investment advice concerning one or more of the instruments listed in Annex I, Section C to Directive 2004/39/EC;

(ii) 

safekeeping and administration in relation to units of collective investment undertakings;

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(iii) 

reception and transmission of orders in relation to financial instruments;

(iv) 

any other function or activity which is already provided by the management company in relation to a UCITS that it manages in accordance with this Article, or in relation to services that it provides in accordance with this paragraph, provided that any potential conflict of interest created by the provision of that function or activity to other parties is appropriately managed;

(c) 

administration of benchmarks in accordance with Regulation (EU) 2016/1011.

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Management companies shall not be authorised under this Directive to provide only the services referred to in this paragraph. Management companies shall not be authorised to provide the services referred to in the first subparagraph, point (c), which are used in the UCITS that they manage.

1. Übersicht

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1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards