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In this act Article 2 of 22
No longer in force since 23 November 2025Below: the last text in force, valid until 23 November 2025. It is not current law.

Article 2 — Information on the organisation

Financial servicesLevel 2RTSMiFID IINo longer in forceOfficial source

2(1)

1.An applicant seeking authorisation to provide data reporting services shall include in its application for authorisation a programme of operations referred to in Article 61(2) of Directive 2014/65/EU. The programme of operations shall include the following information:

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2(1)(a)
(a)information on the organisational structure of the applicant, including an organisational chart and a description of the human, technical and legal resources allocated to its business activities;
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2(1)(b)
(b)information on the compliance policies and procedures of the data reporting services provider, including:
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2(1)(b)(i)
(i)the name of the person or persons responsible for the approval and maintenance of those policies;
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2(1)(b)(ii)
(ii)the arrangements to monitor and enforce the compliance policies and procedures;
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2(1)(b)(iii)
(iii)the measures to be undertaken in the event of a breach which may result in a failure to meet the conditions for initial authorisation;
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2(1)(b)(iv)
(iv)a description of the procedure for reporting to the competent authority any breach which may result in a failure to meet the conditions for initial authorisation;
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2(1)(c)
(c)a list of all outsourced functions and resources allocated to the control of the outsourced functions;
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2(2)

2.A data reporting services provider offering services other than data reporting services shall describe those services in the organisational chart.

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