As the Deputy will be aware, the Markets in Financial Instruments Directive II came into effect at the beginning of this year.
AIB have provided me with the following comment:
"MiFID II obligations which were due for 3 January have been assessed and the relevant updates have been applied to the AIB business model. Elements that are phasing in post this date are in development and are currently on track for delivery."
PTSB have provided me with the following comment:
"Permanent TSB has addressed the requirements of the Markets in Financial Instruments relating to its business."
The European Union (Markets in Financial Instruments) Regulations 2017 – Part 2, Chapter 4 of Statutory Instrument 375 of 2017 – lists applicable sanctions. The Statutory Instrument can be found at the following link: