1 Amendments of Ildikó GÁLL-PELCZ related to 2011/0298(COD)
Amendment 861 #
Proposal for a directive
Article 29 – paragraph 2 – subparagraph 2
Article 29 – paragraph 2 – subparagraph 2
Member States shall prohibitmay allow, in accordance with Article 16(6), (8) and (9), tied agents registered in their territory fromto handlinge clients' money and/or financial instruments on behalf of and under the full responsibility of the investment firm of which they are acting within their territory or, in the case of a cross-border operation, in the territory of a Member State which allows a tied agent to handle clients' money, provided that the investment firm, for which the tied agent is acting, is authorised to handle clients' money.