Dear Ms Bruunsgaard,
I hope this email finds you well.
My name is Arved Kolle, and I am a Director at the Association for Financial Markets in Europe (AFME). I am
writing to you to follow up on the attached letter that I understand BPI and LMA shared with you last week
on an issue arising from transposition of CRD6 into Danish law (Bill L 193), relating to the so-called “MiFID
ancillary services exemption” in the context of CRD Art21c. On behalf of AFME, I would like to express
support for the issue addressed in the letter.
We understand that due to a reference to existing Danish legislation, the Act on Investment Firms,
Investment Companies and Activities, Bill L 193 as currently drafted would not fully transpose the MiFID
ancillary services exemption from Articles 21c(4) and 47(2) of CRD6. We would therefore very much
welcome that you consider this point during transposition to ensure that the exemption is fully transposed.
For your background, AFME is the voice of Europe’s wholesale financial markets, providing expertise across
a broad range of regulatory and capital markets issues. We represent the leading global and European banks
and other significant capital market players. AFME’s members are the lead underwriters of 89% of European
corporate and sovereign debt, and 79% of European listed equity capital issuances.
Of course, we remain available in case of any questions from yourself or your colleagues.
Kind regards,
Arved
Arved Kolle
Director, Strategy Lead Germany | ECB Liaison | EU-UK Relations
AFME Frankfurt
Omniturm - Große Gallusstraße 16-18 60312 Frankfurt am Main
Direct +49(0) 69 710 456 662
AFME is registered on the EU Transparency Register, registration number 65110063986-76, and on the
German Bundestag Transparency Register, registration number R001235.