EU · MiFID II · TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS · CHAPTER I Conditions and procedures for authorisation

Article 12 MiFID IIAssessment period

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Sets the timetable for assessing a proposed acquisition of a qualifying holding: acknowledgement within two working days and a 60-working-day assessment period, which may be interrupted once for up to 20 working days (30 for non-EU or unregulated acquirers) for further information requested by day 50. If the authority does not object in writing within the period, the acquisition is deemed approved; Member States may not impose stricter notification rules.

Level 2: delegated and implementing acts

RTSIn forceLegal basis
Commission Delegated Regulation (EU) 2017/1946 of 11 July 2017 supplementing Directives 2004/39/EC and 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for an exhaustive list of information to be included by proposed acquirers in the notification of a proposed acquisition of a qualifying holding in an investment firm
European Commission · 26 Oct 2017 · EUR-Lex
AI summaryRTS setting the exhaustive list of information a proposed acquirer must provide when notifying a proposed acquisition of a qualifying holding in an investment firm, with requirements scaled to holdings of up to 20%, 20-50% and 50% or more, and reduced requirements in some cases.
ITSIn forceLegal basis
Commission Implementing Regulation (EU) 2017/1944 of 13 June 2017 laying down implementing technical standards with regard to standard forms, templates and procedures for the consultation process between relevant competent authorities in relation to the notification of a proposed acquisition of a qualifying holding in an investment firm in accordance with Directives 2004/39/EC and 2014/65/EU of the European Parliament and of the Council
European Commission · 26 Oct 2017 · EUR-Lex
AI summaryITS setting standard forms, templates and procedures for consultation between competent authorities when assessing a proposed acquisition of, or increase in, a qualifying holding in an investment firm, including contact persons, preliminary and consultation notices, acknowledgements and responses.

Commentary

No law-firm commentary is linked to this provision yet.

393 more documents relate to MiFID II as a whole without naming an article.

UK counterpart

UK transposition not traced in the FCA Handbook. It may sit in FSMA, the Regulated Activities Order or SI 2017/701, which are not yet mapped.

Version history

From 17 Sept 2014

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.