tied agent

MiFID II, Article 4(29) First adopted 2014-05-15

a natural or legal person who, under the full and unconditional responsibility of only one investment firm on whose behalf it acts, promotes investment and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from the client in respect of investment services or financial instruments, places financial instruments or provides advice to clients or prospective clients in respect of those financial instruments or services

IFR, Article 4(52) Reference adopted 2019-11-27

Refers to MiFID II, Article 4(29).

a tied agent as defined in point (29) of Article 4(1) of Directive 2014/65/EU

IFR, Article 8(2)(b) Own wording adopted 2019-11-27, amended 2024-01-09

a natural or legal person who shall also apply to undertakings established in third countries, under which, were they established in the full and unconditional responsibility of only one investment firm on whose behalf it acts Union, promotes investment and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from would fulfil the client in respect of investment services or financial instruments, places financial instruments or provides advice to clients or prospective clients in respect definitions of those financial instruments or services terms in Article 4

Compared with MiFID II: struck words are only in MiFID II, marked words only here.