On 21 April 2021, the European Commission adopted a Delegated Regulation and Annex correcting Delegated Regulation (EU) 2017/565 supplementing MiFID II (the MiFID II Delegated Regulation) as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of MiFID II.

The Delegated Regulation amends Article 1 paragraph 1 of the MiFID II Delegated Regulation to clarify that it requires the application of Article 64(4), Article 65 and Chapter VIII of that Regulation instead of Article 59(4), Article 60 and Chapter IV.  In addition it corrects errors that appear in several cross-references in the Annex I to the MiFID II Delegated Regulation, more precisely under ‘Client assessment’, ‘Order handling’, ‘Client order and transactions’, ‘Reporting to clients’, ‘Communication with clients’ and ‘Organisational requirements’.

The Delegated Regulation enters into force on the twentieth day following that of its publication in the Official Journal of the European Union.