New legislation and other regulations bringing the Markets in Financial Instruments Directive (MiFID) into force became effective on 1 November 2007. The directive affects all companies providing investment services within the EU. The directive’s main purpose is to facilitate and increase competition in the companies providing investment services and in the securities market and to ensure a uniform level of investor protection throughout the EU. The main changes for the client of a company providing investment services are client classification and code of conduct applied to investment services.
Further information on code of conduct is presented on Information to be given on Investment Services of Alexander Corporate Finance Oy, in which we are describing client classification, obligation to obtain and assess information, disclosure requirement of a company providing investment services and transmitting of client orders, as well as principles governing conflict of interest situations. Should you have any questions, please do not hesitate to contact us.