November 28
2021
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Emilija Berzanskaite
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20th October 2021
Banking & Finance Internal Market

New Commission Delegated Regulation on classification of ancillary investment activity

Official publication has been made of Commission Delegated Regulation 2021/1833, concerning the criteria for establishing when an investment services activity is to be considered ancillary to the main business at a group level.

Regulation 2021/1833 aims to ensure consistent interpretation of the ‘ancillary activity’ and foresees that the assessment of whether persons are dealing on their own account or are providing investment services in commodity derivatives, emission allowances and derivatives as an activity ancillary to their main business must be performed at a group level.

The assessment, according to the Regulation, should be performed in the form of three alternative tests (‘ancillary activity tests’), which are bas

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