NEWSLETTER-2017

210 NEWSLETTER 2017 • Brokerage of sale through subscribing to public offerings of capital market instruments; • Brokerage of sale of capital market instruments without subscribing to public offerings; • Operation of multilateral trading systems and other off- exchange markets; • Safekeeping and administration of capital market instruments in the name of the customer and portfolio custody services; • Other services and activities to be determined by the Capital Markets Authority. Investment institutions may conduct ancillary services without obtaining a separate authorization, provided that a notification con- cerning such service is placed with the Capital Markets Authority. Accordingly, investment institutions intending to conduct ancillary services should notify the Capital Markets Authority twenty days prior to conducting the same. Ancillary services are foreseen under the CPL, as follows: • Providing consultancy services concerning capital markets; • Granting credits or lending and providing foreign exchange services limited to investment services and activities; • Providing investment research and financial analysis or general advice concerning transactions in capital market instruments; • Providing services in relation to underwriting; • Providing brokerage services for loan or financing through other means; • Wealth management and financial planning; • Other services and activities to be determined by the Capital Markets Authority.