EU MiFID II Org Reg Art 30

An operational function is critical or important where a defect or failure in its performance would materially impair a firm's ability to remain compliant with its regulatory obligations, its financial performance or the continuity of its investment services and activities.

Rule Overview

Jurisdiction: European Union

Regulator: ESMA

Topic: General Requirements

Overview
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The following functions are not considered as critical or important:

Article 30(2)(a)
Advisory services, and any services that do not form part of the investment business of the firm including: legal advice, training of personnel, billing services, security of the firm's premises and personnel
Article 30(2)(b)
The purchase of standardized services, including market information services and the provision of price feeds
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