MIFID II – What You Need To Know.
FXPro has contacted all its clients in relation to the Markets in Financial Instruments Directive II (EU) 2014/65/EU (‘MIFID II’) and the Commission Delegated Regulation (EU) 2017/565 supplementing MiFID II, which comes into effect on January 03, 2018.
If they do not hear from you by Tuesday January 09, 2018, FXPro will deem you to have provided your prior consent for all the following matters.
1. Client Legal Documentation
Client legal documentation has been enhanced to reflect the new MiFID II provisions.
FXPro encourage you to download and retain a copy for your records. Nonetheless, please note that no major changes have taken place.
2. Client Categorisation
Your client categorisation and any applicable regulatory protections will remain unaffected from MiFID II. You may refer to the ‘Client Categorisation Notice’.
3. Information to Clients by means of a Website
You consent that where FXPro provide you with information by means of a website that information is not personally addressed to you. Yet, you specifically consent to the provision of that information in that form.
Subject to their capabilities, information provided to you either through the website or directly will be in your preferred language. However, you consent that FXPro’s official language is the English language and as a result, certain documents are provided in English only.
5. Client Communication Recording
All conversations and communications are being recorded and a copy of the recording of such conversations and communications with you will be available on request for a period of five years.
6. Additional Information applicable to Corporate Clients only
FXPro would like to remind you that from January 03, 2018 you are required to have a Legal Entity Identifier (‘LEI’) both for MiFID II transaction reporting (if you trade CFDs on shares and certain futures and indices) and EMIR reporting (for all CFDs) purposes.
If you do not have a LEI, FXPro encourage you to apply for a LEI as soon as possible.