The main subjects covered by MIFID
The Directive requires banks to categorise their clients. In addition, BNP Paribas Fortis needs to gather information on its clients' financial situation, their investment knowledge, experience, and objectives.
For more information on MiFID and its main subjects such as client classification, client profiling, suitability & appropriateness, best execution, reporting to clients and information to clients, please read our documents in the 'Useful Documents' section hereunder or in the right column.
BNP Paribas Fortis welcomes MiFID as an opportunity to consolidate high-value services and innovative and competitive solutions.
Maximum protection and more transparency
The MiFID Directive offers a number of advantages to investors as a result of:
- a greater assurance that products and services meet their risk profile
- best execution of orders
- higher standards in terms of order processing
- stringent provisions on transparency and the information to be provided
- a larger choice of investment products and service providers – who will be required to conform to higher standards in turn – which should lead to higher quality services at more competitive prices
- the same high level of protection whether you choose a domestic or foreign service provider