Notice to Clients - Change in Terms and Conditions (Investment Services Agreement)
We would like to inform our clients about matters relating to the provision of investment and ancillary services in financial instruments; more specifically the implementation of MiFID II and an update to our Terms and Conditions for the provision of Investment Services.
As you have been made aware, on 3rd January 2018 the Cypriot law regulating the provision of investment services which harmonized the Cypriot legal framework with the EU Directive 2014/65/EU on Markets in Financial Instruments (MiFID II) came into force. This is the Investment Services and Activities and Regulated Markets Law of 2017 (Law 87(I)/2017). The aim of MiFID II and the associated Regulation (EU) 600/2014 (MiFIR) include the enhancement and further strengthening of the legislative framework to facilitate greater transparency for all participants in capital markets.
With the new law coming into force, it became necessary to update our Terms and Conditions for the provision of Investment Services which you can find here (English / Greek), as well as on our account opening procedures portal.
Further, at this link you may also find the MiFID II Information Document on Investment and Ancillary Services in Financial Instrument that includes the Company’s policies, along with all information the Company deems necessary to be disclosed to clients before they enter into an agreement with the Company for the provision of Services.