Home » Enterprise Risk & Compliance » MiFID

MiFID:

The Markets in Financial Instruments Directive

MiFID is intended to open up EU internal financial markets to improve competition by creating a single market and regulatory regime.

It requires Financial Institutions to:

Identify and classify their clients
Ensure appropriateness of transaction
Define the way that client business will be transacted
Ensure transparency
Manage the enterprise

Who’s affected?

The Directive affects Financial Institutions including:

Investment Banks	Portfolio Managers
Stockbrokers & Broker Dealers	Corporate Finance Firms
Some Futures & Options Firms	Some Commodities Firms

What must they do?

Institutions offering MiFID regulated products are required to classify their clients as eligible counterparties, professional clients or retail clients. They must also assess their suitability for different investment products.

As part of this requirement, Institutions must gather and assess specified financial information including:

Balance sheet totals
Net turnover
Own funds

How can D&B help?

Cleanse, match and append financial data elements with our MiFID Data Services
Confirm identity verification quickly with our new UK Anti-Money Laundering Report and our International Know Your Customer (KYC) Report

Update: D&B provides MiFID-related services to ABN AMRO
Dutch banking group ABN AMRO is implementing D&B data across its global facilities for the purposes of becoming MiFID compliant.

Learn more about D&B’s other Enterprise Risk & Compliance solutions. »

Decide with confidence today. For more information on D&B’s Compliance Solutions, call 01628 492713 or email.