The European Commission has adopted a Delegated Regulation supplementing MiFID II as regards organisational requirements and operating conditions for investment firms and defined terms. The aim of the Delegated Regulation is to specify the rules relating to: exemptions, organisational requirements for investment firms, data reporting services providers, conduct of business obligations in the provision of investment services, best execution, client order handling, SME growth markets, thresholds above which the position reporting obligations apply and criteria under which the operations of a trading venue in a host member state could be considered as of substantial importance for the functioning of the securities markets and the protection of the investors.