{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2023-03-23","held_since":"2023-03-23","gaps":[],"covered":["MiFID II L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifid-ii/articles/92","url":"https://www.headlesslaw.com/mifid-ii/articles/92","title":"Article 92 — Amendments to Directive 2011/61/EU","family":"l1_generated","work_id":"mifid2","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"Consolidated version of 6 June 2026","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606","valid_from":"2023-03-23","valid_until":null,"revision":1,"content_id":"c4fc57bad48a5d5b","change_date":null,"nearest_versions":["2023-03-23"],"first_text_date":"2014-05-15","correction_applies":false,"versions":["2023-03-23"],"version_url":"https://www.headlesslaw.com/mifid-ii/articles/92/versions/2023-03-23","revision_url":"https://www.headlesslaw.com/mifid-ii/articles/92/versions/2023-03-23/rev/c4fc57bad48a5d5b","versions_url":"https://www.headlesslaw.com/mifid-ii/articles/92/versions","relations_url":"https://www.headlesslaw.com/mifid-ii/articles/92/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/articles/92.md","body_sha256":"f72fe1c40883995b497cd3ab38328c9958e0a8629dde383d525e7f35f5d742ac"},"units":[{"locator":"mifid2/art/92","kind":"article","status":"in_force","label":null,"heading":"Amendments to Directive 2011/61/EU","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mifid2/art/92/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Directive 2011/61/EU is amended as follows:","marks":[],"revision":1,"text_hash":"41348acb6c31efeaab1a7c00f1ec88b61942d35827bf7c9c514c1f2e2e43e16f","reason":null},{"locator":"mifid2/art/92/para/1/pt/1","kind":"point","status":"in_force","label":"(1)","heading":null,"text":"in point (r) of Article 4(1), the following point is added:","marks":[],"revision":1,"text_hash":"21be589728300d9004a128f23c86d618f316863a5743fc8b8acc1339d7e6ec90","reason":null},{"locator":"mifid2/art/92/para/1/pt/1/subpt/vii","kind":"subpoint","status":"in_force","label":"(vii)","heading":null,"text":"a Member State, other than the home Member State, in which an EU AIFM provides the services referred to in Article 6(4);’;","marks":[],"revision":1,"text_hash":"dcfb5ef5148d247dd0fc379163639beb483268b6e3e3a47e4c9bdb857e7c0ff3","reason":null},{"locator":"mifid2/art/92/para/1/pt/2","kind":"point","status":"in_force","label":"(2)","heading":null,"text":"Article 33 is amended as follows:","marks":[],"revision":1,"text_hash":"666bcbe39a9e2da08ce813e5727260104b1c2782a7c169cee0c7d6b0643f5218","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/a","kind":"subpoint","status":"in_force","label":"(a)","heading":null,"text":"the title is replaced by the following:","marks":[],"revision":1,"text_hash":"4b2673c40ce51f0c45a316fc0f2a189b11b246f208760b2f0c2b3929494d6a39","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/cont/1/2","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"‘Conditions for managing EU AIFs established in other Member States and for providing services in other Member States’;","marks":[],"revision":1,"text_hash":"f6dfbaa5faf5e04434cb7df82035e73430b0282a876c1f031f59ff52bd610d1b","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b","kind":"subpoint","status":"in_force","label":"(b)","heading":null,"text":"paragraphs 1 and 2 are replaced by the following:","marks":[],"revision":1,"text_hash":"a01f67e13159111fa846dc9fb67abafa58554d19c09111334d0094a624f1c222","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Member States shall ensure that an authorised EU AIFM may, directly or by establishing a branch:","marks":[],"revision":1,"text_hash":"f180ff4993c5315cd6acd4ad2fb237bf86aeacb587f1db8f92a427309f9160da","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/1/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"manage EU AIFs established in another Member State, provided that the AIFM is authorised to manage that type of AIF;","marks":[],"revision":1,"text_hash":"2bf3c62ab5df973a60aa083df4e0a2acdea7a69e233d49cc407603d5290d7eb7","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/1/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"provide in another Member State the services referred to in Article 6(4) for which it has been authorised.","marks":[],"revision":1,"text_hash":"364b10233f531c48c0837a42e123d3bd38995a66b4b6d314e78e41b44a9e2b0c","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"An AIFM intending to provide the activities and services referred to in paragraph 1 for the first time shall communicate the following information to the competent authorities of its home Member State:","marks":[],"revision":1,"text_hash":"6b955de8883c2c35e4936eaf7a8c468353d5ee962ffbdadccff2b570e965edbf","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/2/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"the Member State in which it intends to manage AIFs directly or to establish a branch, and/or to provide the services referred to in Article 6(4);","marks":[],"revision":1,"text_hash":"319d891824df3b759eb9f2364b1e49652137107c7a880f3d269093019b72c06c","reason":null},{"locator":"mifid2/art/92/para/1/pt/2/subpt/b/para/2/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"a programme of operations stating in particular the services which it intends to perform and/or identifying the AIFs that it intends to manage.’.","marks":[],"revision":1,"text_hash":"bb476d9b08e88ca5d5186b563c3d4ce2661dcea43e314daed4243f427535ab3a","reason":null}],"markdown":"---\ntitle: \"Article 92 — Amendments to Directive 2011/61/EU\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606\"\nsource_retrieved: 2026-09-28\nshortTitle: \"Article 92 — Amendments to Directive 2011/61/EU\"\ninstrument_type: level1_directive\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Directive 2014/65/EU\"\ninstrument: mifid2\ncelex: \"32014L0065\"\nregulation: MiFID II\nregulation-full: \"Directive 2014/65/EU\"\narticle: 92\nstatus: in_force\nobject_id: eu.mifid2.legal_text.article.92\ntext_version: \"Consolidated version of 6 June 2026\"\nsource_url: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Consolidated version of 6 June 2026 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014L0065-20260606)*\n\nDirective 2011/61/EU is amended as follows:\n\n<a id=\"p-1\"></a>**(1)** in point (r) of Article 4(1), the following point is added:\n\n**‘(vii)** a Member State, other than the home Member State, in which an EU AIFM provides the services referred to in Article 6(4);’;\n\n<a id=\"p-2\"></a>**(2)** Article 33 is amended as follows:\n\n<a id=\"p-2-a\"></a>**(a)** the title is replaced by the following:\n\n‘Conditions for managing EU AIFs established in other Member States and for providing services in other Member States’;\n\n<a id=\"p-2-b\"></a>**(b)** paragraphs 1 and 2 are replaced by the following:\n\n**‘1.** Member States shall ensure that an authorised EU AIFM may, directly or by establishing a branch:\n\n**(a)** manage EU AIFs established in another Member State, provided that the AIFM is authorised to manage that type of AIF;\n\n**(b)** provide in another Member State the services referred to in Article 6(4) for which it has been authorised.\n\n**2.** An AIFM intending to provide the activities and services referred to in paragraph 1 for the first time shall communicate the following information to the competent authorities of its home Member State:\n\n**(a)** the Member State in which it intends to manage AIFs directly or to establish a branch, and/or to provide the services referred to in Article 6(4);\n\n**(b)** a programme of operations stating in particular the services which it intends to perform and/or identifying the AIFs that it intends to manage.’.\n\n***\n\n[Title VII — Delegated acts](../titles/vii.md) · [← Article 91](91.md) · [Article 93 →](93.md)\n"}