European Commission 10 August 2006, Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance)

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CHAPTER I. SCOPE AND DEFINITIONS
Article 1. Subject-matter and scope
Article 2. Definitions
Article 3. Conditions applying to the provision of information
Article 4. Additional requirements on investment firms in certain cases
CHAPTER II. ORGANISATIONAL REQUIREMENTS
SECTION 1. Organisation
Article 5. (Article 13(2) to (8) of Directive 2004/39/EC)
Article 6. (Article 13(2) of Directive 2004/39/EC)
Article 7. (second subparagraph of Article 13(5) of Directive 2004/39/EC)
Article 8. (second subparagraph of Article 13(5) of Directive 2004/39/EC)
Article 9. (Article 13(2) of Directive 2004/39/EC)
Article 10. (Article 13(2) of Directive 2004/39/EC)
Article 11. (Article 13(2) of Directive 2004/39/EC)
Article 12. (Article 13(2) of Directive 2004/39/EC)
SECTION 2. Outsourcing
Article 13. (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)
Article 14. (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)
Article 15. (Article 13(2) and first subparagraph of Article 13(5) of Directive 2004/39/EC)
SECTION 3. Safeguarding of client assets
Article 16. (Article 13(7) and (8) of Directive 2004/39/EC)
Article 17. (Article 13(7) of Directive 2004/39/EC)
Article 18. (Article 13(8) of Directive 2004/39/EC)
Article 19. (Article 13(7) of Directive 2004/39/EC)
Article 20. (Article 13(7) and (8) of Directive 2004/39/EC)
SECTION 4. Conflicts of interest
Article 21. (Articles 13(3) and 18 of Directive 2004/39/EC)
Article 22. (Articles 13(3) and 18(1) of Directive 2004/39/EC)
Article 23. (Article 13(6) of Directive 2004/39/EC)
Article 24. (Article 19(2) of Directive 2004/39/EC)
Article 25. (Article 13(3) of Directive 2004/39/EC)
CHAPTER III. OPERATING CONDITIONS FOR INVESTMENT FIRMS
SECTION 1. Inducements
Article 26. (Article 19(1) of Directive 2004/39/EC)
SECTION 2. Information to clients and potential clients
Article 27. (Article 19(2) of Directive 2004/39/EC)
Article 28. (Article 19(3) of Directive 2004/39/EC)
Article 29. (Article 19(3) of Directive 2004/39/EC)
Article 30. (first indent of Article 19(3) of Directive 2004/39/EC)
Article 31. (second indent of Article 19(3) of Directive 2004/39/EC)
Article 32. (first indent of Article 19(3) of Directive 2004/39/EC)
Article 33. (fourth indent of Article 19(3) of Directive 2004/39/EC)
Article 34. (second and fourth indent of Article 19(3) of Directive 2004/39/EC)
SECTION 3. Assessment of suitability and appropriateness
Article 35. (Article 19(4) of Directive 2004/39/EC)
Article 36. (Article 19(5) of Directive 2004/39/EC)
Article 37. (Article 19(4) and (5) of Directive 2004/39/EC)
Article 38. (first indent of Article 19(6) of Directive 2004/39/EC)
Article 39. (Article 19(1) and 19(7) of Directive 2004/39/EC)
SECTION 4. Reporting to clients
Article 40. (Article 19(8) of Directive 2004/39/EC)
Article 41. (Article 19(8) of Directive 2004/39/EC)
Article 42. (Article 19(8) of Directive 2004/39/EC)
Article 43. (Article 19(8) of Directive 2004/39/EC)
SECTION 5. Best execution
Article 44. (Articles 21(1) and 19(1) of Directive 2004/39/EC)
Article 45. (Article 19(1) of Directive 2004/39/EC)
Article 46. (Article 21(3) and (4) of Directive 2004/39/EC)
SECTION 6. Client order handling
Article 47. (Articles 22(1) and 19(1) of Directive 2004/39/EC)
Article 48. (Articles 22(1) and 19(1) of Directive 2004/39/EC)
Article 49. (Articles 22(1) and 19(1) of Directive 2004/39/EC)
SECTION 7. Eligible counterparties
Article 50. (Article 24(3) of Directive 2004/39/EC)
SECTION 8. Record-keeping
Article 51. (Article 13(6) of Directive 2004/39(EC)
SECTION 9. Defined terms for the purposes of Directive 2004/39/EC
Article 52. (Article 4(1)(4) of Directive 2004/39/EC)
CHAPTER IV. FINAL PROVISIONS
Article 53. Transposition
Article 54. Entry into force
Article 55. Addressees

2.9.2006

Official Journal of the European Union

L 241/26

COMMISSION DIRECTIVE 2006/73/EC

of 10 August 2006

implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive

(Text with EEA relevance)

THE COMMISSION OF THE

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