The Markets in Financial Instruments Regulation (“MIFIR”) and the Markets in Financial Instruments Directive (“MIFID”), together “MIFID II”, enter into application on 3 January 2018.
Since its implementation in November 2007, the Markets in Financial Instruments Directive (“MIFID I”) was the cornerstone of capital markets regulation in Europe. MIFID I targeted primarily equity markets and instruments.
MIFID I was recast by MIFID II which extends market transparency and integrity rules to derivatives and debt financial instruments and which re-enforces investor protection and conduct of business rules on all financial instruments. Finally, it brings additional measures on product governance, on the reinforcement of control and management functions and on the enhancement of financial supervision.
Client categorization in eligible counterparties, professional and retail, together with the associated level of protection for each category, is still a key element of MIFID II.
Below are a number of important information and legal documents that we recommend you to read carefully.
Please also be aware of the information on the Central Securities Depositories Regulation ("CSDR") and the terms which may apply to the relationship betwee us in connection with it. These can be found here.
Useful links & documents
Terms of Business
FINSA SGCIB Best Execution Policy EN 2021
FINSA Summary on SG conflict of interest Policy 2021
FINSA INFORMATION ABOUT FINANCIAL INSTRUMENTS 2021
Hong Kong Module June 2021
Client Money Module 2021
Regulatory Disclosures Module 2021
General Terms of Business
Electronic Services Module
Direct Electronic Access Module
Fixed Income Module
Futures Options and EPF Transactions Module
Retail Client Module
Execution of Client's Orders
- List of Execution Venues
- Information on the execution venues and the executing brokers (RTS28)
- Reporting on the quality of execution (RTS27)
If you wish to receive a previous version of the Best Execution Policy, please click here