MiFID II: A brief introduction for investors
MiFID II - the second iteration of the Markets in Financial Instruments Directive - will be rolled out on 3 January 2018, with the aim of improving transparency, safety and efficiency across virtually all of Europe's financial markets.
This new package of financial reforms will have a large impact on us as a firm and some elements will directly affect you as our clients, too. We are making significant headway with our preparations and, to offer you some early visibility, we provide this brief summary of some of the key changes.
We’ll need additional information from all registered investors in order to comply with new transaction reporting requirements, including points such as your Town of Birth. Without these points added to your profile, you won't be able to transact through the platform.
2. Buying and selling issued bonds
There will be no changes made to how you invest in new bond issues through our platform, but the mechanics behind buying and selling bonds that are already in issue are subject to change.
We will need to confirm how we have classified you as an investor in our system (retail, professional etc.) and offer you the opportunity to request an alternative classification if you wish.
We will follow up with much more detail on the effects of MiFID II as we finalise our approach in due course. In the meantime, if you have any initial questions, you can get in touch with us during business hours on +44 (0)20 3146 4440 or via the live chat function in the bottom-right corner of your screen. Alternatively, send us an email at firstname.lastname@example.org.
1st November 2017
By David von Dadelszen