Art. 14 — Membership of an authorised investor compensation scheme

MiFID II Article 14 — Membership of an authorised investor compensation scheme. Directive 2014/65/EU, Chapter II — Authorisation and operating conditions for investment firms.

The competent authority shall verify that any entity seeking authorisation as an investment firm meets its obligations under Directive 97/9/EC at the time of authorisation.

The obligation laid down in the first paragraph shall be met in relation to structured deposits where the structured deposit is issued by a credit institution which is a member of a deposit guarantee scheme recognised under Directive 2014/49/EU.