It is important that you receive and understand the following information:
- 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.
- 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 National Identifier - (NID).
- 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.
Best executionOpens in a new window
- 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.
Regulated currency transactions