> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/1.md).

# Art. 1 — Scope

1. This Directive shall apply to investment firms, market operators, and third-country firms providing investment services or performing investment activities through the establishment of a branch in the Union.
2. This Directive establishes requirements in relation to the following:
   1. authorisation and operating conditions for investment firms;
   2. provision of investment services or activities by third-country firms through the establishment of a branch;
   3. authorisation and operation of regulated markets; and
   4. authorisation and operation of data reporting services providers; and
   5. supervision, cooperation and enforcement by competent authorities.
3. The following provisions shall also apply to credit institutions authorised under Directive 2013/36/EU, when providing one or more investment services and/or performing investment activities:
   1. [Article 2(2)](/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/2.md), [Article 9(3)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/9.md) and [Articles 14](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/14.md) and [16](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/16.md) to 20,
   2. Chapter II of Title II excluding second subparagraph of [Article 29(2)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/29.md),
   3. Chapter III of Title II excluding [Article 34(2)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/34.md) and (3) and [Article 35(2)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/35.md) to (6) and (9),
   4. [Articles 67](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/67.md) to 75 and [Articles 80](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/80.md), [85](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/85.md) and [86](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/86.md).
4. The following provisions shall also apply to investment firms and to credit institutions authorised under Directive 2013/36/EU when selling or advising clients in relation to structured deposits:
   1. [Article 9(3)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/9.md), [Article 14](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/14.md), and [Article 16(2)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/16.md), (3) and (6);
   2. [Articles 23](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/23.md) to 26, [Article 28](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/28.md) and [Article 29](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/29.md), excluding the second subparagraph of paragraph 2 thereof, and [Article 30](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/30.md); and
   3. [Articles 67](/mica.wtf/mifid-ii/title-vi-competent-authorities-art.-67-88/67.md) to 75.
5. [Article 17(1)](/mica.wtf/mifid-ii/title-ii-authorisation-and-operating-conditions-for-investment-firms-art.-5-43/17.md) to (6) shall also apply to members or participants of regulated markets and MTFs who are not required to be authorised under this Directive pursuant to points (a), (e), (i) and (j) of [Article 2(1)](/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/2.md).
6. [Articles 57](/mica.wtf/mifid-ii/title-iv-position-limits-and-position-management-controls-in-commodity-derivatives-and-reporting-art/57.md) and [58](/mica.wtf/mifid-ii/title-iv-position-limits-and-position-management-controls-in-commodity-derivatives-and-reporting-art/58.md) shall also apply to persons exempt under [Article 2](/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/2.md).
7. All multilateral systems in financial instruments shall operate either in accordance with the provisions of Title II concerning MTFs or OTFs or the provisions of Title III concerning regulated markets.

   Any investment firms which, on an organised, frequent, systematic and substantial basis, deal on own account when executing client orders outside a regulated market, an MTF or an OTF shall operate in accordance with Title III of Regulation (EU) No 600/2014.

   Without prejudice to Articles 23 and 28 of Regulation (EU) No 600/2014, all transactions in financial instruments as referred to in the first and the second subparagraphs which are not concluded on multilateral systems or systematic internalisers shall comply with the relevant provisions of Title III of Regulation (EU) No 600/2014.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://www.mica.wtf/mica.wtf/mifid-ii/title-i-scope-and-definitions-art.-1-4/1.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.