Brexit update: any reference to EU legislation or requirements in the below linked documents should be read as a reference to the EU requirement and/or its UK equivalent, where applicable, and as the context requires.

As of 7 March, 2018 BNP Paribas UK Limited is no longer authorised or regulated by the Financial Conduct Authority.

Markets in Financial Instruments (MiFID II)

Overview

On 3rd January 2018, the Markets in Financial Instruments Directive II (Directive 2014/65/EU, “MiFID II”), came into force. MiFID II comprises a recast directive and a regulation (MiFIR) which together significantly enhance the structure set out by MiFID I for the provision of investment services and activities in Europe. MiFID II strengthens the framework of investor protection, reduces the systematic risks in market structures and increases the transparency and efficiency of financial markets.

Below, there are several factsheets available to help you navigate those changes as well as BNP Paribas Global Markets Procedures.

Factsheets
Factsheet MiFID II – Overview and Investor Protection
Factsheet MiFID II – Designated Reporter and Designated Publishing Entity Regimes – October 2024
Factsheet MiFID II – Payments for Research – September 2017
Factsheet MiFID II – Primary New Issue MiFID II Impact – July 2020
Factsheet MiFID II – Product Governance – December 2017
Factsheet MiFID II – Systematic Internaliser – January 2024
Factsheet MiFID II – Trading Obligation for Derivatives – December 2017
Factsheet MiFID II – Transparency and Transaction reporting – February 2018
Factsheet MiFID II – Cost and Charges – January 2019
Factsheet MiFID II – Legal Entity Identifier – December 2017
Factsheet MiFID II – SI status per asset and sub-asset classes – January 2024
Factsheet MiFID II – Focus on Post-Trade Transparency – January 2024

Policies
BNP Paribas CIB Order Handling and Execution Policy – EN
BNP Paribas CIB Order Handling and Execution Policy – FR
Appropriate information on policy for managing conflicts of interest for BNP Paribas’ clients – EN
Appropriate information on policy for managing conflicts of interest for BNP Paribas’ clients – FR
Agency Lending – BNPP CIB Order Handling and Execution Policy Appendix – EN
Agency Lending – BNPP CIB Order Handling and Execution Policy Appendix – FR
BNP Paribas CIB Allocation Policy – EN
Best Selection – BNPP CIB Order Handling and Execution Policy Appendix – EN
Best Selection – BNPP CIB Order Handling and Execution Policy Appendix – FR
Best Selection – BNPP CIB Order Handling and Execution Policy Appendix – IT
Best Selection – BNPP CIB Order Handling and Execution Policy Appendix – ES
Cash Equities – BNPP CIB Order Handling and Execution Policy Appendix – EN
CIB APAC Global Markets – BNPP CIB Order Handling and Execution Policy – EN
Commodities – BNPP CIB Order Handling and Execution Policy Appendix – EN
Commodities – BNPP CIB Order Handling and Execution Policy Appendix – FR
Credit – BNPP CIB Order Handling and Execution Policy Appendix – EN
Credit – BNPP CIB Order Handling and Execution Policy Appendix – FR
Dealing Services – BNPP CIB Order Handling and Execution Policy Appendix – EN
Dealing Services – BNPP CIB Order Handling and Execution Policy Appendix – FR
Equity Derivatives – BNPP CIB Order Handling and Execution Policy Appendix – EN
Equity Derivatives – BNPP CIB Order Handling and Execution Policy Appendix – FR
Foreign Exchange (FX) – BNPP CIB Order Handling and Execution Policy Appendix – EN
Foreign Exchange (FX) – BNPP CIB Order Handling and Execution Policy Appendix – FR
Listed Derivatives – BNPP CIB Order Handling and Execution Policy Appendix – EN
Listed Derivatives – BNPP CIB Order Handling and Execution Policy Appendix – FR
Primary – BNPP CIB Order Handling and Execution Policy Appendix – EN
Primary – BNPP CIB Order Handling and Execution Policy Appendix – FR
Rates – BNPP CIB Order Handling and Execution Policy Appendix – EN
Rates – BNPP CIB Order Handling and Execution Policy Appendix – FR
Securities Financing Transactions (SFTs) – BNPP CIB Order Handling and Execution Policy Appendix

Miscellaneous
BNP Paribas CIB Costs & Charges Ex-Ante Disclosure tariffs Grids
BNP Paribas CIB – Pre-mandate disclosure letter – April 2022
Pre-Trade Transparency website
BNP Paribas CIB – Information Sheet – How Can I Complain – Dissatisfaction and Making a Complaint
BNP Paribas to Opt in to Systematic Internaliser Regime Under MiFID II Group – Press Release, November 30, 2017
MiFID II Disclosures – April 2024
TTCA Information Statement

RTS Reports

RTS27 Report on Quality of Execution
Link to RTS 27 Reports

Swiss Financial Services Act (FinSA)

The Swiss Financial Services Act (“FinSA”) entered into force on 1 January 2020. The primary purpose of FinSA is to strengthen client protection. It also aims at creating uniform competitive conditions for financial service providers and therefore to enhance the reputation and competitiveness of Switzerland as a financial center.

Under the FinSA, in relation to our Corporate and Institutional Banking services, BNP Paribas S.A., BNP Paribas Financial Markets, BNP Paribas Securities Corp. and BNP Paribas Securities Asia Limited are considered to be Financial Service Providers as defined under Article 3 (d) FinSA and, as a result, are required to implement certain rules of conduct and organisational measures.

The FinSA factsheet below provides Swiss clients with information pursuant to Article 8 and seq. FinSA.

Factsheets
BNP Paribas – Factsheet Swiss FinSA – November 2024

BNP Paribas (Suisse) SA has published its own information notice for the purposes of FinSA which is available here: Information Notice from BNP Paribas (Suisse) SA Corporate and Institutional Banking (CIB) in the context of FinSA