MiFID II – A better overview of your investments

The new MiFID II Directive came into effect on 3 January 2018. 

 

Today, the decision to become an investor may be more important than ever before. Interest rates are low and we live longer. This is why investing can play a key role when you want to make your dreams come true or act on a new business opportunity.

However, investment always involves risk. This is why it is very important that investors have access to all the information that they need before and after making an investment decision. This way you will always have access to the best possible information when you make decisions that affect your finances.

Danske Bank is improving its investment services in 2018. The changes we are making to our services comply with the new EU MiFID II directive.

Three ways in which you will get more information

Do I have to do anything?

  • Private person as an investor

    Private persons who want to invest must inform the Bank of their nationality. They must also inform the Bank of any dual nationality. This is why we will ask investors to verify their nationality details in the near future.

    The requirement is based on the new MiFID II directive. Its purpose is to help the authorities to monitor the investment market and to make investment safer for everyone.

  • Companies, organisations and foundations as investors 

    Companies, organisations and foundations that invest must acquire a Legal Entity Identifier (LEI) before 2018. If they fail to do so, they will be unable to continue trading in securities and derivatives in European stock exchanges and other securities trading venues.

    The requirement is based on the new MiFID II directive. Its purpose is to help the authorities to monitor the investment market and to make investment safer for everyone.

    More information on the LEI

Information on MiFID II

MiFID II refers to the Markets in Financial Instruments II Directive. The directive consists of a large number of rules on investing. These rules are in force everywhere in the EU.

The purpose of the directive is to strengthen consumer protections, ensure the stability of the internal market and add transparency. All investor customers benefit from the new directive.

MiFID II is the most far-reaching act of financial legislation in the history of the EU. For investors, its entry into force means several changes. These changes took effect on 3 January 2018 in all banks operating within the EU.

Visit Danske Bank's MiFID site

Learn more about the MiFID II directive (Markets in Financial Instruments Directive 2014/65/EU)

Interested?
We welcome you as a customer.

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