MiFID II Supervisory Briefing On The Use Of Third-Country Branches By EU Firms

This supervisory briefing is issued under Article 29(2) of the ESMA Regulation which enables ESMA to develop new practical instruments and convergence tools such as supervisory briefings. The purpose of these tools is to promote common supervisory approaches and practices especially in relation to situations where changes to business models or concerning practices emerge. The content of this supervisory briefing is not subject to any ‘comply or explain’ mechanism for CAs and is non-binding. 

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