The
Markets in Financial Instruments Directive (MIFID) came into effect on
November 1, 2007, in all countries of the European Economic Area (EEA).
MiFID will result in a number of changes for the financial
markets industry in countries in the European Economic Area (EEA), with
a view to achieving greater market integration.
The impact of MiFID for our clients can be summarised as follows:
gradual development of competition between trading venues as from late 2007;
greater
protection of customers through more detailed formal requirements in
terms of pre- and post-transaction information and assessment of
clients’ technical and financial expertise in trading financial
instruments of variable complexity.
Fundamentally, MiFID will
not result in any material changes to Natixis’s existing relationships
with its customers with regards to its financial market activities.
However, MiFID implementation will result in certain changes to its contractual relationships and certain operating procedures.
For any further information or inquiry, please write to: mifid-central-compliance@natixis.com
And further information can be found in the documents below:
