{
  "url": "https://openlegislation.uk/eu-directive-2014-65/annex-I/section-B",
  "json_url": "https://openlegislation.uk/eu-directive-2014-65/annex-I/section-B.json",
  "legislation": "eudr/2014/65",
  "legislation_title": "Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2014-65",
  "path": "annex/I/section/B",
  "kind": "division",
  "number": "SECTION B",
  "heading": "Ancillary services",
  "text": "(1) Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management and excluding providing and maintaining securities accounts at the top tier level ( ‘ central maintenance service ’ ) referred to in point (2) of Section A of the Annex to the Regulation (EU) No 909/2014;\n(2) Granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction;\n(3) Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings;\n(4) Foreign exchange services where these are connected to the provision of investment services;\n(5) Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments;\n(6) Services related to underwriting.\n(7) Investment services and activities as well as ancillary services of the type included under Section A or B of Annex 1 related to the underlying of the derivatives included under points (5), (6), (7) and (10) of Section C where these are connected to the provision of investment or ancillary services.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2014/65/annex/I/section/B",
    "retrieved_at": "2026-11-01T15:21:43.301993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}