MIFID - Article 11 - Membership of an authorised Investor Compensation Scheme

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Article 11

Membership of an authorised Investor Compensation Scheme

The competent authority shall verify that any entity seeking authorisation as an investment firm meets its obligations under Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes (1) at the time of authorisation.