Ancillary services - MiFID Directive Provision: Difference between revisions

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{{a|mifid|}}Those services listed in Section B of {{mifidprov|Annex I}} to [[MiFID]], being (dans une {{nutshell}})
{{a|mifid|}}Those services listed in Section B of {{mifid2prov|Annex I}} to [[MiFID]], being (dans une {{nutshell}})
*'''[[Custody]]''':  safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management
*'''[[Custody]]''':  safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management
*'''[[Margin lending]]''': “granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction”
*'''[[Margin lending]]''': “granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction”

Revision as of 11:31, 2 March 2020


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Those services listed in Section B of Annex I to MiFID, being (dans une Nutshell)

  • Custody: safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management
  • Margin lending: “granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction”
  • Advisory: “advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings”;
  • FX: foreign exchange services where these are connected to the provision of investment services;
  • Investment research: investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments;
  • Underwriting: services related to underwriting; and
  • Investment services relating to commodities that underly derivatives, where connected with investment services: Just don’t go there. Just reading it will make your heart sink.