Directive 2014/91/EU

In force

This text since 17 Sept 2014law://eu/dir/2014/91/art_1__pnt_1@2026-11-12

Contents

(1)in Article 2(1), the following points are added:

(s)‘management body’ means the body with ultimate decision-making authority in a management company, investment company or depositary, comprising the supervisory and the managerial functions, or only the managerial function if the two functions are separated. Where, according to national law, the management company, investment company or depositary has in place different bodies with specific functions, the requirements laid down in this Directive directed at the management body or at the management body in its supervisory function shall also, or shall instead, apply to those members of other bodies of the management company, investment company or depositary to whom the applicable national law assigns the respective responsibility;

(t)‘financial instrument’ means a financial instrument specified in Section C of Annex I to Directive 2014/65/EU of the European Parliament and of the Council^note.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Directive · 2014/91/EU · EEA relevant
Adopted: 23 Jul 2014
In force: 17 Sept 2014
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32014L0091 · ELI

Topics

administrative sanction business management financial legislation holding company investment company remuneration of work sales agent securities venture capital Freedom of establishment

History · 1 version

17 Sept 2014Reading

Connections

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Cited by 3: HOLD Alapkezelő Befektetési Alapkezelő Zrt. v Magyar Nemzeti Bank (C-352/20)7 provisions; Commission Delegated Regulation (EU) 2017/653; INVEST FUND MANAGEMENT v Komisia za finansov nadzor (C-473/20)3 provisions
Cites 1: this act

Defined terms · 2

Show every defined term

financial instrument
means a financial instrument specified in Section C of Annex I to Directive 2014/65/EU of the European Parliament and of the Council.
management body
means the body with ultimate decision-making authority in a management company, investment company or depositary, comprising the supervisory and the managerial functions, or only the managerial function if the two functions are separated.