Tuesday, 3 May 2016

* INFORMATION TO BE KEPT AND ORGANISATIONAL REQUIREMENTS UNDER MIFID II

On the 27th April the Council of the EU made public its ANNEXES to the COMMISSION DELEGATED REGULATIONsupplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purpose of that Directive

  • Minimum list of records to be kept by investment firms depending upon the nature of their activities
  • Identified costs that should form part of the costs to be disclosed to the clients
  • All costs and associated charges related to the financial instrument that should form part of the amount to be disclosed
  • Requirement for operators of trading venues to immediately inform their national competent authority
  • Signals that may indicate abusive behaviour under Regulation (EU) No 596/2014
  • Record keeping of client orders and decision to deal
  • Record keeping of transactions and order processing