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MiFID II

The Markets in Financial Instruments Directive, MiFID has been applicable across the European Union since November 2007. It is a cornerstone of the EU's regulation of financial markets seeking to improve the competitiveness of EU financial markets by creating a single market for investment services and activities and to ensure a high degree of harmonised protection for investors in financial instruments.

Following the financial crisis of 2008, the European legislators have adopted an amendment to MiFID I, including a revised Directive and a new Regulation, together referred to as MiFID II. MiFID II takes into account the evolution of financial markets and addresses the weakness revealed by the implementation of MiFID I. MiFID II further extends the requirements of MiFID I, with the aim of making financial markets more efficient, resilient as well as transparent and to enhance investor protection. MiFID II results in a large number of requirements, both for NIBC Group (hereafter “NIBC”) as well as for the external contacts of NIBC with its clients.

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What does it mean for NIBC clients?

MiFID II affects the way that NIBC does business with its clients. Where MiFID I already required the categorisation of clients reflecting the various investor profiles; MiFID II has extended most of the investor protection requirements to apply to all categories of clients. MiFID II also requires NIBC to ensure that all information, including marketing communications provided to clients or potential clients – is fair, clear and not misleading and that marketing communications are clearly Identified as such, therefore ensuring better client protection.

Please find in the "download" section of this page, NIBC’s main MiFID II related compliance documents and policies, including the MiFID II brochure which provides more detail on the various topics in which MiFID II impacts clients.

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Cost Disclosure

MiFID II and the Delegated Regulation require NIBC Bank N.V. (NIBC) to provide appropriate information in good time to clients or potential clients with regard to all costs and related charges. The obligation applies “ex-ante” (pre-transaction) and “ex-post” (post-transaction, on at least an annual basis).

Please note that NIBC has prepared an annual overview of the “ex-post” costs in relation to the transactions carried out by you in 2019. Should you wish to obtain a copy of said overview, please let us know by contacting your NIBC Relationship Manager or to send a request thereto to the following address: MiFIDII@nibc.com.

Please also indicate the (email) address to which the overview should be sent.

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