(Under forberedelse) Delegert kommisjonsdirektiv (EU) …/… om endring av delegert direktiv (EU) 2017/593 med hensyn til vilkårene for levering av tredjeparts utførelses- og analysetjenester til investeringsforetak som tilbyr porteføljeforvaltning eller andre investerings- eller tilleggstjenester
MiFiD II: endring av utfyllende bestemmelser om vilkårene for levering av tredjeparts utførelses- og analysetjenester
(In preparation) Commission Delegated Directive (EU) …/… amending Delegated Directive (EU) 2017/593 as regards the conditions for the provision of third-party execution and research services to investment firms that provide portfolio management or other investment or ancillary services
Utkast til direktiv lagt fram av Kommisjonen 4.2.2025 med tilbakemeldingsfrist 1.1.2026
Bakgrunn
(fra Kommisjonens initiativ 4.12.2025)
Listing Act, MiFID – rules on payment for research and execution services (delegated act)
The Listing Act:
- facilitates the listing of companies on EU capital markets
- promotes the provision of investment research (particularly on SMEs) by allowing investment firms to pay for research and execution services either jointly or separately (‘bundling’/‘unbundling’ payment).
This delegated act requires firms to inform their clients about the way those firms pay for research and execution services, and sets out the transparency requirements associated with this choice.
Draft act
Feedback period: 04 December 2025 - 01 January 2026
Draft delegated directive - Ares(2025)10721957