Markets in Financial Instruments Directive and Regulation (MiFID II)

The amended and recast Markets in Financial Instruments Directive and Regulation (MiFID II)

Background

NAB London is currently subject to the Markets in Financial Instruments Directive (MiFID I), as implemented in the United Kingdom. From 3 January 2018, NAB London will become subject to MiFID II.

MiFID II will impact the majority of European Economic Area (EEA) financial services providers (including NAB London) and the way in which they provide investment services to both EEA and non-EEA clients.

This site contains information regarding NAB’s MiFID II response and will be updated with further information closer to the compliance date, and in the case of the items listed below by the dates set out.

What will MiFID II mean for your dealings with NAB?

Where required, NAB will contact you directly to provide you with updated documentation to ensure we can continue to provide you with financial services and maintain our compliance with relevant regulations.

More Information about NAB’s MiFID II Response

If you have any queries in respect of NAB’s response to MiFID II, please contact MiFID.II.Regulatory.Queries@nab.com.au

Coming up

The following relevant information will be made available by the highlighted dates as we progress towards the implementation date for MiFID II:

  • Summary information regarding our Conflicts of Interest policy - January 2018
  • Information regarding products and services offered from our NAB London Branch, including risk warnings and potential costs and charges of those products and services - January 2018
  • Best Execution Reporting under MiFID II RTS 27 – June 2018
  • Best Execution Reporting under MiFID II RTS 28 – January 2019

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