|MiFID II ancillary activity exemption - the procedure's summary|
Page 1 of 3
There are two tests for establishing whether an entity is eligible for the MiFID II ancillary activity exemption:
1. the market share test, and
Both tests need to be passed to keep the exemption, however, the main business test has two, alternative, options:
a) the trading test, and
b) the capital employed test.
There is also the backstop mechanism to correct the results.
|Last Updated on Friday, 28 April 2017 22:22|