A set of general guidelines governing the services of investing in financial instruments took effect in the European Union and the European Economic Community (EEC) on 1 November 2007.
The Markets in Financial Instruments Directive (MiFID) is the basis of legislation, i.e. the Law on Markets in Financial Instruments of the Republic of Lithuania. The respective provisions of the Law on Markets in Financial Instruments of the Republic of Lithuania, applied as of 1 November 2007, have tightened requirements for all investment service providers by ensuring more security for investors.
More responsibility for proper recommendations
When you decide to invest in securities, investment funds and structural or other types of financial instruments, your investment advisor has an important role to play.
Execution of Orders
Fair and uniform handling of orders
Your filed orders are fulfilled in a fair and equal way regardless of the type or amount of your order.
Before we start providing investment services to you, you have to familiarise yourself with the policy for fulfilling financial instrument orders. The bank’s policy was developed to achieve the best results of your orders as well as a more transparent procedure of handling and fulfilling orders.
Directive 2014/65/EU on markets in financial instruments (MiFID II) requires investment firms who execute client orders to summarize and make public on an annual basis, for each class of financial instruments, the top five execution venues and the top five brokers, in terms of trading volumes where they executed client orders in the preceding year and information on the quality of execution obtained.
According to MiFID II requirements, AB SEB Bank publishes reports on the top five execution venues and brokers.
Directive 2014/65/EU on markets in financial instruments (MiFID II) Best Execution RTS27, requires Investment firm which, on an organized, frequent, systematic and substantial basis, deals on its own account by executing client orders outside a trading venue (Systematic Internalisers), to make public relevant data on the execution quality for financial instruments subject to the trading obligation.
AB SEB Bank has become Systematic Internaliser in some of Bonds since 1st of September 2018. According to MiFID II requirements, AB SEB Bank publishes reports on the execution quality on quarterly basis.