Delta Lloyd Asset Management has successfully introduced the Market in Financial Instruments Directive (MiFID-directive) ahead of the set deadline of 1 November. The Market in Financial Instruments Directive, MiFID in short, is a European directive in the financial services provision sector within the European Union.
Delta Lloyd Asset Management has successfully introduced the Market in Financial Instruments Directive (MiFID-directive) ahead of the set deadline of 1 November. The Market in Financial Instruments Directive, MiFID in short, is a European directive in the financial services provision sector within the European Union.
The directive has been translated into Dutch legislation and regulatory powers and applies to investment companies and banks which provide investment services and/or conduct investment activities in the European Union. The objective of the legislation and regulatory powers is to promote, by means of a more uniform regulatory framework, an honest, transparent, efficient and integrated financial market in the member states of the European Union, with the safeguard of optimal protection for investors. Within the framework of MiFID, the customer acceptance authority for Delta Lloyd Asset Management has been made more stringent. It also sets out in brokerage and order execution policy how we design broker selection and best execution. Finally, marketing processes are screened in MiFID.
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