MiFID
The Markets in Financial Instruments Directive (MiFID) is new European legislation that came into effect on November 1, 2007 replacing and updating the existing Investment Services and Banking Co-ordination Directives. MiFID’s aim is to enhance the single European financial marketplace, increase market transparency and improve investor protection. Rabobank recently published an informative MiFID brochure, which is now directly available as a download.
Why the need for MiFID?
The European Union aims for a stronger and more efficient internal market. One European financial market will lead to additional and expanded services and increase competition, which in turn leads to lower costs for clients. Another important element of MiFID is enhanced passporting. This enables a MiFID-compliant entity to offer its services in all European countries with consistent levels of client protection.
Our challenge under MiFID
Rabobank will continue to strive to provide you with the best possible service and appropriate products, with the intention of maintaining our existing high level of client satisfaction. As far as possible we aim to achieve this with minimum disruption to our daily business with you.
Download further information below
How to alter your MiFID classification
Under the MiFID obligations we have classified you as either Eligible Counterparty or Professional Client and in some cases as a Retail Client. Under the system of the new rules and regulations you may ask us to opt up or opt down to another classification level.