MiFID II:
 Improved insights into your investments

During 2018, we will implement a number of improvements in the investment area. We will do this based on new EU regulation called MiFID II.

The most essential improvements for you in 2018

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3 ways in which we will give you better insights into your investments

  • MORE INFORMATION MORE OFTEN

    When you invest with us, we will keep you continually updated. During 2018 you will experience receiving:

    • More individual reports
      In the future, you will receive individual quarterly reports by default.

    • Direct notification if the value of your investment falls
      If If you have a managed account solution, meaning that we invest on your behalf, e.g. Flexinvest Fri, you will receive a direct notification if the value of the investment falls by more than 10 per cent relative to the last quarterly investment report. You will also be notified if you have a leveraged product (e.g. warrants and certificates), and the value falls by more than 10 per cent relative to the highest price that you have paid for the product.         
  • BETTER OVERVIEW OF COSTS

    When you decide how to invest, it is important that you know the costs related to the various options. I the future, it will be easier for you to get the full overview.

    • More detailed overview of costs in reports
      Going forward, your reports will list your total costs, both as a percentage and in DKK. Furthermore, the reports will include detailed information about your total costs.

    • New cost overview
      You will get access to a new handbook showing the costs of trading in individual securities. You can use the handbook as a supplement to your other price overviews before deciding how to invest. From 2018, it will be made available in the trading overview in your mobile and eBanking solutions.
  • MORE TRANSPARENT TRADING

    We make it easier for you to access documentation of how we take all sufficient steps to give our customers the best possible results. Moreover, we will file more information about how your latest trades have been executed.

    • Documentation of how we execute trades
      You will get access to reports in which we document how we ensure that our customers get the best possible results. You can find this documentation in quarterly reports at danskebank.com/bestexecution.

    • Filing of trade information
      In the future, we will file more information about how we have advised you and conducted trades, both if you invest yourself, and if we invest for you. This data will be kept on file for seven years.      

 

New requirement for LEIs for businesses, associations, and foundations

From 3 January 2018, it is a new requirement from the EU to have a LEI (Legal Entity Identifier) if you are responsible for a business, association, or foundation and wish to trade in securities or derivatives that can be traded on stock exchanges or at other financial trading venues in Europe (EEA). This also applies if you have a managed account solution, and we trade in this type of securities on your behalf.

The requirement is due to the new regulations in MiFID II. The objective is to make it easier for the authorities to monitor the investment market. This will increase security for all investors. Read more about LEIs at danskebank.dk/LEI (in Danish).

 

Facts about MiFID II

MiFID II is an abbreviation of ”Markets in Financial Instruments Directive II”. The directive is comprised of numerous rules in the investment area. The rules apply throughout the whole EU.

The objective of the legislation is to strengthen the protection of investors. Furthermore, the regulation is to ensure a stable inner market for investments and improve transparency. This is for the benefit of all investment customers.

MiFID II is the largest set of financial regulation ever to come into place in the EU. It will lead to a number of changes for you as an investor. The changes will apply to all banks in the EU from 3 January 2018.

Read more about MiFID II