AS LPB Bank

MIFID II and MIFIR

As of 2007, the Directive on Markets in Financial Instruments (MiFID) has been in force in the European Union. MiFID introduced a new regulatory framework for investment service providers.

With the development of the financial market, a new financial instrument market directive was adopted - MiFID II (2014/65 / ES), as well as the regulation on the market for financial instruments - MiFIR (Markets in Financial Instruments Regulation.

The new regulatory framework is in force in the European Union from 3 January 2018.

  • MiFID II aims to make financial markets more efficient, resilient and transparent, and to ensure the highest level of investor protection in transactions in financial instruments. MiFID requirements are encased in the law on the Financial Instruments Market.
  • MiFIR is binding for all the European Union member states and it contains rules and guidelines for transaction execution and financial instrument trade transparency.

Main areas covered by MiFID II and MiFIR:

  • establishment of pre-sales and post-sales transparency requirements in respect transactions with financial instruments;
  • client categorisation (private client, professional client, eligible counterparty)
  • prevention of conflict of interest;
  • best execution - providing clients with the best possible results in transactions with financial instruments.

Before making any decisions about using financial services, we kindly ask you to acquaint yourself with and assess the main risks, related to trading of financial instruments! Please note that trading of certain financial instruments may cause you loss of more money than initially invested! 

With the aim to comply with the requirements of the Directive we invite you to get acquainted with the Policy of performance of customers’ orders in transactions with financial instruments (available only in Latvian and Russian), as well as the Description of risks, available under the section "How to become our customer".

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