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European Business Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 1: Abolition of restrictions on free movement

    • Title 2: Free movement of persons and services

      • Chapter 4: Liberalization directives

        • Section 1: Recognition of Qualifications Directive

        • Section 3: Sectoral directives

          • I: Financial services

            • B: Investment services

              • 1°: Context

              • 2°: Scope of application and definitions

              • 3°: Conditions of authorization

              • 4°: Freedom of establishment and freedom to provide services

              • 5°: Operating conditions

              • 6°: Prudential supervision

123. Conditions of authorization

1 minute de lecture

The provision of investment services or the exercise of other investment activities as a regular occupation or business on a professional basis is subject to the prior authorization of the competent authority of the home Member State (Art. 5). Several conditions must be met for authorization and they are similar to the conditions for authorization of banking activities. An investment firm which is …

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