Severity: Warning
Message: Creating default object from empty value
Filename: controllers/pages.php
Line Number: 177
Severity: Warning
Message: Creating default object from empty value
Filename: controllers/pages.php
Line Number: 177
Severity: Warning
Message: Creating default object from empty value
Filename: controllers/pages.php
Line Number: 177
Severity: Warning
Message: Creating default object from empty value
Filename: controllers/pages.php
Line Number: 177
The MiFID II Directive (2014/65/EU)
TThe EU regulation on investment services and markets in financial instruments – known as MiFID II – entered into force on 3.01.2018, as a revamped version of the Markets in Financial Instruments Directive (MiFID).
The "INVESTMENT SERVICES INFORMATION DOCUMENT", prepared according to the EU Regulation 2017/565, contains the following information:
- Annex 1 - Order execution locations on Financial Instruments
- Annex 2 - Order execution locations on Financial Instruments Internet Banking
EMIR DIRECTIVE
EMIR – Regulation (EU) no. 648/2012 – Art. 38(1) - Transparency
The EMIR – Regulation (EU) no. 648/2012 entered into effect on 16 August 2012. Among the transparency requirements introduced by the Regulation, paragraph 1 of art.38 provides for the public disclosure of the prices and fees applied by the authorised central counterparties (CCPs) and their clearing members, in relation to the clearing services provided to their clients.
Banca Finnat, in the capacity of Clearing Member of Cassa di Compensazione e Garanzia, is required to comply with this provision. Therefore, we will exclusively apply the trading commissions provided by the agreements entered into with our clients, in relation to the execution of orders for clients and related clearing services.
The commissions cover all the costs incurred by the bank to provide the above mentioned services. Having regard to the commissions applied by the authorised Central Counterparties (CCPs), in pursuance of art. 38(1) of the EMIR Regulation, the website of Cassa di Compensazione e Garanzia shows the prices applied to Banca Finnat.
BAIL-IN