{"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":"2026-09-28","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifid-ii/recitals/98","url":"https://www.headlesslaw.com/mifid-ii/recitals/98","title":"Recital 98","family":"l1_recital_view","work_id":"mifid2","view_of":"/mifid-ii/recitals","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":"Directive 2014/65/EU, OJ L 173, 12.6.2014","check":{"against":"EUR-Lex","on":"2026-09-28"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0065","valid_from":"2023-03-23","valid_until":null,"content_id":"fda3d5b3200d55a1","versions":["2023-03-23"],"version_url":"https://www.headlesslaw.com/mifid-ii/recitals/98/versions/2023-03-23","revision_url":"https://www.headlesslaw.com/mifid-ii/recitals/98/versions/2023-03-23/rev/fda3d5b3200d55a1","versions_url":"https://www.headlesslaw.com/mifid-ii/recitals/98/versions","relations_url":"https://www.headlesslaw.com/mifid-ii/recitals/98/relations","act_url":"https://www.headlesslaw.com/mifid-ii/recitals","source_line":null,"attribution":null,"context":{"act":{"work_id":"mifid2","path":"/mifid-ii/recitals","name":"MiFID II","number":"Directive 2014/65/EU","celex":"32014L0065","title_official":null,"document_date":null},"position":{"kind":"recital","key":"98","index":98,"articles":170,"annexes":0},"prev":{"path":"/mifid-ii/recitals/97","key":"97","title":"Recital 97"},"next":{"path":"/mifid-ii/recitals/99","key":"99","title":"Recital 99"},"act_anchor":""}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0065","check":{"result":"matched","checked_at":"2026-09-28","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/recitals.md","unit_text_sha256":"b7978264b677dbf369874495c55f1ee100425bdf98e56ee7a244cff196f65a7b","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"mifid2/recitals/rec/98","kind":"recital","key":"98","heading":"","text":"When establishing the business relationship with the client the investment firm might ask the client or potential client to consent at the same time to the execution policy as well as to the possibility that that person’s orders may be executed outside a trading venue.","marks":[],"text_hash":"b7978264b677dbf369874495c55f1ee100425bdf98e56ee7a244cff196f65a7b","revision":1,"blocks":[{"locator":"mifid2/recitals/rec/98/block/1","text_hash":"b7978264b677dbf369874495c55f1ee100425bdf98e56ee7a244cff196f65a7b","revision":1}]}}