Judgment of the Court (Fifth Chamber) of 16 May 2024.#Fondee a.s. v Česká národní banka.#Request for a preliminary ruling from the Městský soud v Praze.#Reference for a preliminary ruling – Freedom to provide services – Markets in financial instruments – Directive 2014/65/EU – Article 3 – Exemption from the application of Directive 2014/65/EU – Exempted investment intermediary – Legislation of a Member State prohibiting that intermediary from transmitting clients’ orders to an investment firm established in another Member State.#Case C-695/22.