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New MiFID II licence application forms

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The AFM has published forms that can be used for licence applications under MiFID II. There are two forms available: one for investment firms and one for data reporting service providers (DRSPs).

Investment firms

The MiFID II application form for investment firms is meant for applicants that need a licence under MiFID II as from 3 January 2018. This applies, for example, to dealing on own account that requires a licence under MiFID II (such as when using DEA, being a market maker, member of an exchange or MTF), or brokers and dealers who trade on own account in emission allowances or to the operation of an Organised Trading Facility (OTF). If your investment services or activities currently require a licence, you can use the current application form until 1 August 2017.

Data reporting service providers

The licence application form for DRSPs can be used by providers of data reporting services. This is a new category of licence holders within MiFID II, which is subdivided into APAs, ARMs and CTPs. An ARM is a person authorised to provide the service of reporting details of the transaction to competent authorities or to ESMA on behalf of investment firms. An APA is an ‘Approved Publication Arrangement’, which means a person authorised to provide the service of publishing trade reports on behalf of investment firms. A CTP is a ‘Consolidated Tape Provider’, which means a person authorised to provide the service of collecting trade reports for financial instruments as listed in MiFID II from regulated markets, MTFs, OTFs and APAs, and consolidating them into a continuous electronic live data stream providing real-time price and volume data per financial instrument.

Guide

The licence application forms show what information and annexes are needed for an application. If you apply for a license, we advise you to check if the information and annexes are complete. We also recommend to read the Guide concerning licence applications under MiFID II.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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