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In this act Article 2 of 3

Article 2 — Assessment of compliance of issuer-sponsored research with the EU code of conduct

Financial servicesLevel 2RTSMiFID IIIn forceOfficial source

2(1)

1.Investment firms shall obtain from research providers all the information necessary to assess whether research labelled as ‘issuer-sponsored research’ is produced in compliance with the EU code of conduct set out in the Annex.

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2(2)

2.Where an investment firm has insufficient information to ensure that the research labelled as issuer-sponsored research is produced in compliance with the EU code of conduct for issuer-sponsored research, the investment firm shall not distribute the research to clients or potential clients labelled as ‘issuer-sponsored research’.

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2(3)

3.For the purposes of ensuring that issuer-sponsored research is produced in compliance with the EU code of conduct for issuer-sponsored research, an investment firm may take into account:

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2(3)(a)
(a)the assessment and opinion of any independent third party appointed by the research provider; or
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2(3)(b)
(b)where the research provider is an investment firm that produces issuer-sponsored research, the fact that the investment firm is a regulated entity subject to this Regulation.
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In all cases, the investment firm shall remain responsible for complying with its obligations under Article 24(3a), (3b) and (3e) of Directive 2014/65/EU.