+TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS
---+CHAPTER I Conditions and procedures for authorisation
------+Article 5 Requirement for authorisation
---------+Article 5 1.
---------+Article 5 2.
---------+Article 5 3.
---------+Article 5 4.
------+Article 6 Scope of authorisation
---------+Article 6 1.
---------+Article 6 2.
---------+Article 6 3.
------+Article 7 Procedures for granting and refusing requests for authorisation
---------+Article 7 1.
---------+Article 7 2.
---------+Article 7 3.
---------+Article 7 4.
---------+Article 7 5.
------+Article 8 Withdrawal of authorisations
------+Article 9 Management body
---------+Article 9 1.
---------+Article 9 2.
---------+Article 9 3.
---------+Article 9 4.
---------+Article 9 5.
---------+Article 9 6.
------+Article 10 Shareholders and members with qualifying holdings
---------+Article 10 1.
---------+Article 10 2.
---------+Article 10 3.
------+Article 11 Notification of proposed acquisitions
---------+Article 11 1.
---------+Article 11 2.
---------+Article 11 3.
---------+Article 11 4.
------+Article 12 Assessment period
---------+Article 12 1.
---------+Article 12 2.
---------+Article 12 3.
---------+Article 12 4.
---------+Article 12 5.
---------+Article 12 6.
---------+Article 12 7.
---------+Article 12 8.
---------+Article 12 9.
------+Article 13 Assessment
---------+Article 13 1.
---------+Article 13 2.
---------+Article 13 3.
---------+Article 13 4.
---------+Article 13 5.
------+Article 14 Membership of an authorised investor compensation scheme
------+Article 15 Initial capital endowment
------+Article 16 Organisational requirements
---------+Article 16 1.
---------+Article 16 2.
---------+Article 16 3.
---------+Article 16 4.
---------+Article 16 5.
---------+Article 16 6.
---------+Article 16 7.
---------+Article 16 8.
---------+Article 16 9.
---------+Article 16 10.
---------+Article 16 11.
---------+Article 16 12.
------+Article 16a Exemptions from product governance requirements
------+Article 17 Algorithmic trading
---------+Article 17 1.
---------+Article 17 2.
---------+Article 17 3.
---------+Article 17 4.
---------+Article 17 5.
---------+Article 17 6.
---------+Article 17 7.
------+Article 18 Trading process and finalisation of transactions in an MTF and an OTF
---------+Article 18 1.
---------+Article 18 2.
---------+Article 18 3.
---------+Article 18 4.
---------+Article 18 5.
---------+Article 18 6.
---------+Article 18 7.
---------+Article 18 8.
---------+Article 18 9.
---------+Article 18 10.
---------+Article 18 11.
------+Article 19 Specific requirements for MTFs
---------+Article 19 1.
---------+Article 19 2.
---------+Article 19 3.
---------+Article 19 4.
---------+Article 19 5.
------+Article 20 Specific requirements for OTFs
---------+Article 20 1.
---------+Article 20 2.
---------+Article 20 3.
---------+Article 20 4.
---------+Article 20 5.
---------+Article 20 6.
---------+Article 20 7.
---------+Article 20 8.
---+CHAPTER II Operating conditions for investment firms
------+Section 1 General provisions
---------+Article 21 Regular review of conditions for initial authorisation
------------+Article 21 1.
------------+Article 21 2.
---------+Article 22 General obligation in respect of on-going supervision
---------+Article 23 Conflicts of interest
------------+Article 23 1.
------------+Article 23 2.
------------+Article 23 3.
------------+Article 23 4.
------+Section 2 Provisions to ensure investor protection
---------+Article 24 General principles and information to clients
------------+Article 24 1.
------------+Article 24 2.
------------+Article 24 3.
------------+Article 24 3a.
------------+Article 24 3b.
------------+Article 24 3c.
------------+Article 24 3d.
------------+Article 24 3e.
------------+Article 24 4.
------------+Article 24 5.
------------+Article 24 5a.
------------+Article 24 6.
------------+Article 24 7.
------------+Article 24 8.
------------+Article 24 9.
------------+Article 24 9a.
------------+Article 24 10.
------------+Article 24 11.
------------+Article 24 12.
------------+Article 24 13.
------------+Article 24 14.
---------+Article 25 Assessment of suitability and appropriateness and reporting to clients
------------+Article 25 1.
------------+Article 25 2.
------------+Article 25 3.
------------+Article 25 4.
------------+Article 25 5.
------------+Article 25 6.
------------+Article 25 7.
------------+Article 25 8.
------------+Article 25 9.
------------+Article 25 10.
------------+Article 25 11.
---------+Article 26 Provision of services through the medium of another investment firm
---------+Article 27 Obligation to execute orders on terms most favourable to the client
------------+Article 27 1.
------------+Article 27 3.
------------+Article 27 4.
------------+Article 27 5.
------------+Article 27 7.
------------+Article 27 8.
------------+Article 27 9.
------------+Article 27 10.
---------+Article 28 Client order handling rules
------------+Article 28 1.
------------+Article 28 2.
------------+Article 28 3.
---------+Article 29 Obligations of investment firms when appointing tied agents
------------+Article 29 1.
------------+Article 29 2.
------------+Article 29 3.
------------+Article 29 4.
------------+Article 29 5.
------------+Article 29 6.
---------+Article 29a Services provided to professional clients
------------+Article 29a 1.
------------+Article 29a 2.
------------+Article 29a 3.
---------+Article 30 Transactions executed with eligible counterparties
------------+Article 30 1.
------------+Article 30 2.
------------+Article 30 3.
------------+Article 30 4.
------------+Article 30 5.
------+Section 3 Market transparency and integrity
---------+Article 31 Monitoring of compliance with the rules of the MTF or the OTF and with other legal obligations
------------+Article 31 1.
------------+Article 31 2.
------------+Article 31 3.
------------+Article 31 4.
---------+Article 32 Suspension and removal of financial instruments from trading on an MTF or an OTF
------------+Article 32 1.
------------+Article 32 2.
------------+Article 32 3.
------------+Article 32 4.
------+Section 4 SME growth markets
---------+Article 33 SME growth markets
------------+Article 33 1.
------------+Article 33 2.
------------+Article 33 3.
------------+Article 33 3a.
------------+Article 33 4.
------------+Article 33 5.
------------+Article 33 6.
------------+Article 33 7.
------------+Article 33 8.
------------+Article 33 9.
---+CHAPTER III Rights of investment firms
------+Article 34 Freedom to provide investment services and activities
---------+Article 34 1.
---------+Article 34 2.
---------+Article 34 3.
---------+Article 34 4.
---------+Article 34 5.
---------+Article 34 6.
---------+Article 34 7.
---------+Article 34 8.
---------+Article 34 9.
------+Article 35 Establishment of a branch
---------+Article 35 1.
---------+Article 35 2.
---------+Article 35 3.
---------+Article 35 4.
---------+Article 35 5.
---------+Article 35 6.
---------+Article 35 7.
---------+Article 35 8.
---------+Article 35 9.
---------+Article 35 10.
---------+Article 35 11.
---------+Article 35 12.
------+Article 36 Access to regulated markets
---------+Article 36 1.
---------+Article 36 2.
------+Article 37 Access to CCP, clearing and settlement facilities and right to designate settlement system
---------+Article 37 1.
---------+Article 37 2.
------+Article 38 Provisions regarding CCPs, clearing and settlement arrangements in respect of MTFs
---------+Article 38 1.
---------+Article 38 2.
---+CHAPTER IV Provision of investment services and activities by third country firms
------+Section 1 Provision of services or performance of activities through the establishment of a branch
---------+Article 39 Establishment of a branch
------------+Article 39 1.
------------+Article 39 2.
------------+Article 39 3.
---------+Article 40 Obligation to provide information
---------+Article 41 Granting of the authorisation
------------+Article 41 1.
------------+Article 41 2.
------------+Article 41 3.
------------+Article 41 4.
------------+Article 41 5.
------------+Article 41 6.
---------+Article 42 Provision of services at the exclusive initiative of the client
------------+Article 42 1.
------------+Article 42 2.
------+Section 2 Withdrawal of authorisations
---------+Article 43 Withdrawal of authorisations

TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS

TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS

1. Ħarsa ġenerali

,
CHAPTER I Conditions and procedures for authorisation CHAPTER I Conditions and procedures for authorisation
CHAPTER II Operating conditions for investment firms CHAPTER II Operating conditions for investment firms
CHAPTER III Rights of investment firms CHAPTER III Rights of investment firms
CHAPTER IV Provision of investment services and activities by third country firms CHAPTER IV Provision of investment services and activities by third country firms

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards