MIFID – FundBank (Europe) S.A.

In accordance with the EU-Directive 2014/65/EU on markets in financial instruments (MiFID II) and the EU-Regulation 600/2014 (MiFIR), entering into force on January 3rd 2018, all persons involved in financial instruments transactions are required to apply new standards in terms of professional organization and behaviour. The aim is to increase the investor’s protection by strengthening the existing rules based on the 2007’s MiFID I Directive.

The Bank is applying client categorisation at the onboarding and review the application of the said categorisation on regular basis.

The Bank has drawn up a questionnaire to determine the knowledge, experience and investments objectives notably of clients.

The Bank does neither provide advisory services nor discretionary management services.

The Bank delegates the best execution of order to the broker who ensures client orders are executed on the most favourable terms for our clients. The best execution venue is determined with regard to price, cost, speed, likelihood of execution and settlement, the size and type of the order, the nature of the client and any other consideration relevant to the execution of the order