Information about MiFID II
Directive 2014/65/EU (MiFID II) for the Markets in Financial Instruments (MiFID) constitutes a development of the directive 2004/39/EU and it is the basic legislative instrument of the European Union (EU) regarding the provision of investment and ancillary services for the countries which belong to the European Economic Area (E.E.A). It is specialized from specific aspects of applicable regulations as well as from directives which are issued from the European Securities and Markets Authority (ESMA).
MiFID II has been integrated to the national legislation with national Law No.4514/2018 combined with any delegated decisions and additional instructions which have been issued from the Hellenic Capital Market Commission and the Bank of Greece.
MiFID ΙΙ sets the rules that must be followed by the Investment Firms and the Credit Institutions which provide investment and ancillary services or undertake investment operations.
The aim of this single regulatory framework is, inter alia, the greatest transparency in the markets operation, the increased competition within European Union and the provision of a higher level of investor protection. Complying with the above framework, our Company, among others, categorize its clients according the MiFiD criteria, provides information about pre-contractual terms, the Best execution policy and the Conflicts of interest policy, as follows: