Markets in Financial Instruments Directive (MIFID)
The new Austrian Securities Supervision Act (Wertpapieraufsichtsgesetz - WAG) 2018 bears significant changes for banks in their overall securities business operation.
The EU-Directive on Markets in Financial Instruments - short: MiFID - aims at harmonising the regulations for trading securities within the European Union. How does this affect you and us as your private banking partner?
You can find a summary of the most significant changes in the PDF-brochure "MiFID - Markets in Financial Instruments Directive". The "Guideline for the implementation policy for securities orders - Best Execution Policy" informs you about the principles in executing customers orders.