MiFID / Natixis’ policy
Developments since MiFID
Developments since MiFID 1
The MiFID aims at building a of a deeper, more integrated and effective European capital market in order to lower the cost of capital, generate growth and strengthen its international competitiveness.
More specifically, MiFID intends to change the competitive landscape of financial markets while harmonizing the conditions of activity for the providers of investment services across the European Union and strengthening the organizational requirements for companies offering investment services: adaptation of rules for the functions of internal control and compliance, implementation of policies to manage conflicts of interests, registration of customer complaints...
At the core of MiFID, the investor protection has been strengthened by the formalization of the process of execution of orders in financial markets through the development of an enforcement policy and the implementation of arrangements to ensure the best execution of orders for each client (assessed by related costs or speed). The compliance with rules of conduct such as the obligation to provide customers with accurate and precise information about financial services and instruments available is also a key factor.
Best Execution Policy
As part of the European directive MiFID, Natixis is required to establish a policy for the execution of orders for the benefit of its professional and non-professional clients. The execution rules adopted are listed in detail in the documents available on our website.
This execution policy is accompanied, in some cases, by an obligation of best execution which involves the implementation of measures within Natixis guaranteeing the best execution of orders for each client (assessed by costs and speed). We monitor continuously the effectiveness of our rules for the execution of orders and of our Execution Policy, to identify and implement improvements if needed. Also, Natixis reviews its Execution Policy on a regular basis to ensure that nothing affects its ability to continue to get the best results for its clients.
Policy for managing conflicts of interest
The primacy of the client's interest is a cornerstone of the ethics of Natixis. It is one of the founding principles of its activity visible in the policy of each of its institutions. It helps to prevent and manage conflicts that may arise during the provision of investment services between the interests of the institutions (or their staff) and those of a client or between a client's interests and those of another client.
To detect potential conflicts of interests, the Compliance function implemented organizational measures, administrative procedures for the treatment and control of operations along with IT tools.
Information on the fees, commissions or non-monetary benefits
Natixis would like to inform its clients (existing or potential) that within the context of its capital markets business, Natixis may receive from or pay to third parties (e.g. introducing brokers, distributors, brokers, asset managers) certain commissions, fees or non-monetary benefits in connection with the provision of investment or ancillary services.
Further details about the fees, commissions or non-monetary benefits paid or received by Natixis is available upon request.