The European Banking Authority (EBA) has published a Consultation Paper (CP) containing draft technical advice on possible delegated acts on criteria and factors for intervention powers concerning structured deposits under articles 41 and 42 of the Markets in Financial Instruments Regulation (MiFIR).
The starting point for the development of the EBA’s technical advice to the Commission were the criteria and factors proposed by ESMA in section 2.24 (Product intervention) of its MiFID II/MiFIR Consultation Paper. The CP sets out the criteria and factors proposed by the EBA including explanatory notes for each deviation from the criteria published by ESMA. The EBA considers some of those criteria not to be applicable to structured deposits, while others needed modifying or adding.
The deadline for comments on the CP is 5 October 2014.
View Consultation on technical advice on possible delegated acts on criteria and factors for intervention powers concerning structured deposits, 5 August 2014
