Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697805423951.pdf (Ireland)
STATUTORY INSTRUMENTS.

S.I.

No.

203 of 2021 ________________ EUROPEAN UNION (MARKETS IN FINANCIAL INSTRUMENTS) (AMENDMENT) REGULATIONS 2021 2 [203] S.I.

No.

203 of 2021 EUROPEAN UNION (MARKETS IN FINANCIAL INSTRUMENTS) (AMENDMENT) REGULATIONS 2021 I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No.
27 of 1972), and for the purpose of giving further effect to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 20141 as amended by Directive (EU) 2020/1504 of the European Parliament and of the Council of 7 October 20202, hereby make the following regulations: 1.

(1) These Regulations may be cited as the European Union (Markets in Financial Instruments) (Amendment) Regulations 2021.

(2) These Regulations shall come into operation on 10 November 2021.

2.
2.

Regulation 4 of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I.

No.
No.

375 of 2017) is amended in paragraph (1) – (a) by the substitution of the following subparagraph for subparagraph (t): “(t) branches of third country firms established in the State, save as otherwise provided for in Regulation 48;”, and (b) by the insertion of the following subparagraph after subparagraph (t): “(u) crowdfunding service providers as defined in point (e) of Article 2(1) of Regulation (EU) 2020/1503 of the European Parliament and of the Council.”.
GIVEN under my Official Seal, 28 April, 2021.

PASCHAL DONOHOE, Minister for Finance.

1 OJ No.

L 173, 12.6.2014, p. 349.

2 OJ No.

L 347, 20.10.2020, p. 50.

Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 30th April, 2021.

[203] 3 EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.)
These Regulations give effect to Directive (EU) 2020/1504 of the European Parliament and of the Council of 7 October 2020 amending Directive 2014/65/EU on markets in financial instruments.

Directive (EU) 2020/1504 provides that the Markets in Financial Instruments Directive (Directive 2014/65/EU or MiFID II) does not apply to crowdfunding service providers as defined in the Crowdfunding Regulation (Regulation (EU) 2020/1503).
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