Markets in Financial Instruments Directive II

MiFID II requires ABN AMRO to provide its clients with certain information. This information (and related updates) is made available on this page.

What is MiFID II?

The Markets in Financial Instruments Directive II (“MiFID II”) and the Markets in Financial Instruments Regulation (“MiFIR”) provide the European regulatory framework governing the requirements applicable to investment firms, regulated markets, data reporting services providers and third country firms providing investment services or activities. MiFID II and MiFIR, together often referred to as just MiFID II, came into effect on 3 January 2018 and apply in all Member States of the European Union plus Norway, Iceland and Liechtenstein (i.e. the European Economic Area or EEA).

Essentially, MiFID II and MiFIR aim to strengthen the framework for the regulation of financial markets, including where trading in such markets takes place over-the-counter (OTC), in order to increase transparency, better protect investors, reinforce investor confidence, address unregulated areas and ensure that supervisors are granted adequate powers to fulfil their tasks.

To this end, MiFID II introduces (amongst others) rules on algorithmic and high frequency trading, addresses the oversight of financial markets including commodity derivatives markets, and enhances investor protection and conduct of business rules. MiFIR (amongst others) lays down rules on the disclosure of trading activity data to the public, disclosure of transaction data to competent authorities and the mandatory trading of certain derivatives on organized venues.

ABN AMRO supports the objectives laid down by MiFID II and MiFIR. ABN AMRO believes transparency, integrity and honesty are cornerstones of a long-term professional relationship. ABN AMRO is committed to put this into daily practice in order to help its clients achieve their goals.

Information and Disclosures

ABN AMRO Information

The full name of our firm is ABN AMRO Bank N.V. (“ABN AMRO”). ABN AMRO is authorised and subject to regulation by the Dutch Central Bank (De Nederlandsche Bank N.V.) and the European Central Bank. ABN AMRO is also subject to regulation by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten). ABN AMRO’s registered address is at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands and its website address is www.abnamro.nl. ABN AMRO is registered with the trade register of the Amsterdam Chamber of Commerce under number 34334259. ABN AMRO is a member of several exchanges and clearing houses, information about which is available on request at the above address.

ABN AMRO’s Legal Entity Identifier (LEI) is: BFXS5XCH7N0Y05NIXW11

For Clients Classified as Professional Clients and Eligible Counterparties
The brochure Investment Services Information (pdf, 201kB) contains the following documents:

  • ABN AMRO Terms of Business for Professional Clients and Eligible Counterparties 
  • ABN AMRO Global Markets Order Execution Policy Professional Clients 
  • Conflict of Interest Policy

For Clients Classified as Retail Clients
The brochure Informatie Treasurydienstverlening ABN AMRO (pdf, 271kB) (only available in Dutch) contains the following documents:

  • Algemene Bepalingen Derivatentransacties ABN AMRO 
  • Voorwaarden Treasurydienstverlening ABN AMRO 
  • Informatieblad Treasurydienstverlening ABN AMRO 
  • Veel gebruikte begrippen bij de Treasurydienstverlening ABN AMRO Informatie over het Orderuitvoeringsbeleid Treasurydienstverlening ABN AMRO
  • Samenvatting van het beleid van ABN AMRO ten aanzien van belangenconflicten

Best Execution Reports

Information on Ex-Ante Cost and Charges Disclosure Professional Clients and Eligible Counterparties
The brochure Investment Services Information (pdf, 201kB) contains the following documents:

  • ABN AMRO Terms of Business for Professional Clients and Eligible Counterparties
  • ABN AMRO Global Markets Order Execution Policy Professional Clients
  • Conflict of Interest Policy

ABN AMRO Systematic Internaliser

Effective as of 1 December 2018
Under MiFID II, ABN AMRO Bank N.V. has opted-in as a Systematic Internaliser (“SI”) in respect of bonds that are traded on a trading venue (“TOTV”). ABN AMRO is a SI with effect from1 December 2018 under the MIC code “ABNA”. An important benefit of trading with ABN AMRO in its SI capacity is that this will relieve clients that are MiFID II investment firms themselves of the applicable post trade transparency obligations (unless the client is also a SI).

ABN AMRO is a SI for all bonds that are traded on a trading venue, more specifically:

Bonds

  • Sovereign bond
  • Other public bond
  • Convertible bond
  • Covered bond
  • Corporate bond
  • Other bond

Pre trade transparency
As a SI, ABN AMRO is subject to pre trade transparency rules and ABN AMRO will publish applicable quotes through Bloomberg APA. Access to the data is via our ABNX page on Bloomberg and/or via a “point-to-point” FIX 5.0 session with Bloomberg.

SI commercial policy
ABN AMRO’s SI activities are subject to a commercial policy. The current version can be found here (pdf, 75kB).