{
  "url": "https://openlegislation.uk/eu-directive-2017-593/article-7",
  "json_url": "https://openlegislation.uk/eu-directive-2017-593/article-7.json",
  "legislation": "eudr/2017/593",
  "legislation_title": "Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2017-593",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Governance arrangements concerning the safeguarding of client assets",
  "text": "Member States shall ensure that investment firms appoint a single officer of sufficient skill and authority with specific responsibility for matters relating to the compliance by firms with their obligations regarding the safeguarding of client financial instruments and funds.\nMember States shall allow investment firms to decide, ensuring full compliance with this Directive, whether the appointed officer is to be dedicated solely to this task or whether the officer can discharge responsibilities effectively whilst having additional responsibilities.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2017/593/article/7",
    "retrieved_at": "2026-11-01T15:21:33.068066+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."
}