- MiFID II - The Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) applies to all financial instruments in the EU.
- EMIR - The European Markets Infrastructure Regulation (EMIR) is an EU-wide framework which centers around strengthening supervision of derivatives trading and increasing the market’s ability to resist risks. All transactions relating to derivative contracts, both OTC and exchange traded, entered into by a company, must be reported to a specific trade repository. Handelsbanken offers to report the derivative transactions that your company carried out with us.
- Legal Entity Identifier (LEI) - In order to carry out transactions in MiFID financial instruments, all companies and other legal entities must hold a global identification code, referred to as a Legal Entity Identifier (LEI). Individuals are required to provide a
- Best execution - According to the requirements of MiFID II (Directive 2014/65 of the European Parliament and of the Council), investment firms shall publish, for each class of financial instruments, a statement of the five most used marketplaces, i.e. where execution has taken place (based on volume) and the five most used brokers to execute customer orders.
- Regulated currency transactions - All corporates dealing in FX forward contracts with EU banks now need to comply with EMIR and MIFID2 reporting obligations unless they can provide a representation that all FX transactions were entered into for the purposes of payment for goods or services.