{
  "url": "https://openlegislation.uk/markets-in-financial-instruments-investor-reporting-amendment-regulations-2022/regulation-2",
  "json_url": "https://openlegislation.uk/markets-in-financial-instruments-investor-reporting-amendment-regulations-2022/regulation-2.json",
  "legislation": "uksi/2022/1297",
  "legislation_title": "The Markets in Financial Instruments (Investor Reporting) (Amendment) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/markets-in-financial-instruments-investor-reporting-amendment-regulations-2022",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of Commission Delegated Regulation (EU) 2017/565",
  "text": "(1) Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive is amended as follows.\n(2) In Article 3 (conditions applying to the provision of information)—\n(a) in paragraph 1—\n(i) for “retail clients, or potential retail clients”, substitute “clients or potential clients”;\n(ii) for the words from “shall have the right to” to the end of sub-paragraph (b), substitute “must provide that information in electronic format, subject to paragraphs 1ZA and 1A.”;\n(b) after paragraph 1 insert—\n“(1ZA) Where the client or potential client to whom the information is required to be provided is a retail client or potential retail client, investment firms must provide that information in electronic format if—\n(a) the retail client or potential retail client has been informed of the right to receive the information on paper instead of in electronic format; and\n(b) the retail client or potential retail client has not requested the information on paper. ”.\n(3) Omit paragraph 1B.\n(4) Omit Article 62 (additional reporting obligations for portfolio management or contingent liability transactions).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "EUR 2017/565, as amended by S.I. 2018/1403 and 2021/774."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1297/regulation/2",
    "retrieved_at": "2026-10-28T21:52:23.801070+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."
}