MiFID2 - Market in Financial Instruments Directive, second edition

The aim of the Market in Financial Instruments Directive (MiFID) is to harmonise European financial markets and improve their transparency by putting in place a regulatory regime applicable to investment services. The strengthening of this directive, MiFID2, has been applicable since 3 January 2018. MiFID2 provides you with greater transparency and protection in your investment decisions.

In concrete terms, at ING:

  • We will be paying increased attention to your investment experience during your transactions on financial instruments.
  • At the end of each investment consultation with your advisor, we will give you a report summarising the investment recommendations made on the basis of your personal situation and investor profile.
  • For certain more complex financial products, we will provide you with a standardised document (Key Information Document, or ‘KID’) enabling you to better understand the risks inherent in the proposed investment.
  • We will no longer receive trailer fees as part of discretionary portfolio management.
  • The rules on protecting your assets have been strengthened. For example, if you delegate the management of your share portfolio to us, we will alert you immediately if its value diminishes by more than 10 percent following fluctuations in the financial markets.

Your dedicated customer relationship manager will be happy to explain these changes, and see along with you how to open new doors for the financial management of your portfolio. 

Find out about our investmet solutions.

Are you a business? Get detailed information on MiFID2.

MiFID2 in practice 

MiFID 2 regulations state that we have to classify our clients into three categories:

  • Retail Clients, 
  • Professional Clients,
  • Eligible Counterparties.

Depending on this classification, there is a higher or lower degree of disclosure and protection, with Professional Clients and Eligible Counterparties being deemed to have the experience, knowledge and expertise to enable them to take their own investment decisions and adequately assess the risks involved.

The client is informed of his/her classification when his/her account is opened. He/she has the option of asking the Bank for a different classification if the legal conditions are met.

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