Recital 31

Financial servicesLevel 1DirectiveMiFID IIIn forceOfficial source

Persons who provide investment services consisting exclusively in the administration of employee-participation schemes and who therefore do not provide investment services for third parties should not be covered by this Directive.

About this text

In force · Directive 2014/65/EU, OJ L 173, 12.6.2014 · Checked against EUR-Lex on 28 Sep 2026 · Official source

Status: In force
Coverage: MiFID II: every English consolidation from 23 Mar 2023. Older wording is not held and is not replaced by any other text. Not covered: national guidance, court decisions.
Freshness: Release a4f2a049 published 1 Nov 2026, 17:41 CET. This recital checked word for word against EUR-Lex on 28 Sep 2026.
Shown: The whole recital.
Failures: None.
Incomplete: No.

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