MiFID II, or to give it its full name - the second Markets in Financial Instruments Directive, aims to:
You can find out more about the changes we've made to support MiFID in this section.
As previously communicated, we recommend your business takes a small number of key actions to ensure you can continue to trade in Exchange Traded Instruments on our platforms with minimum disruption. The action required depends on the assets your clients are invested in:
In addition to requesting the information above for individual clients and trusts, we also require the LEIs for discretionary firms and the NIs for key decision makers within those firms.
Discretionary firms using Elevate or the Investment Hub or Wrap are able to input this information on the platform.
Firms using the Investment Hub under advisory permissions are not required to provide an LEI / NI for key decision makers for their firm. However we require the information as outlined above for individual clients or Trust accounts regardless of which product the investment is held through.
If you still have questions then please speak to your usual Standard Life contact, otherwise, contact us on 0345 279 1001
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