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MiFID

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.

Useful links & documents

MiFID Leaflet

Terms of Business

Until 2018/12/11

General Terms and Conditions regarding the provision of services for market transactions to the clients of Societe Generale French retail banking

Delegated Clients of French retail banking

TTCA Risks and Impacts on funds and subcontracting of the Safekeeping of Financial Instruments

Execution of Client's Orders