Regulatory Disclosures

The Markets in Financial Instruments Directive (MiFID) is the framework of European Union (EU) legislation for:

  • investment intermediaries that provide services to clients around shares, bonds, units in collective investment schemes and derivatives (collectively known as ‘financial instruments’)
  • the organised trading of financial instruments

MiFID applied in Ireland from November 2007, and was revised by MiFID II, which took effect in January 2018, to improve the functioning of financial markets in light of the financial crisis and to strengthen investor protection.  MiFID II extended the MiFID requirements in a number of areas including:

  • new market structure requirements
  • new and extended requirements in relation to transparency
  • new rules on research and inducements
  • new product governance requirements for manufacturers and distributors of MiFID ‘products’
  • introduction of a harmonised commodity position limits regime

KBIGI’s Best Execution and Conflicts of Interest policies have been updated to reflect the new MiFID II guidelines. These are available upon request – simply call your Client Services Manager or alternatively our main desk at + 353 1 4384400.

We hope all our clients, service providers, suppliers, colleagues and their families remain safe and well at this time of uncertainty surrounding the Covid19 pandemic. On Friday March 27th the Irish government announced further restrictions on work and movement aimed at curbing the spread of coronavirus. In light of this we want to reassure our clients that we continue to operate our business seamlessly at this time through remote access and are available at all times should we be needed. We remain steadfast in our commitment to the careful, coherent and confident stewardship of our clients assets. This remains the case after these latest announcements from the Irish government and the temporary closure of the office to staff.