Market in Financial Instruments Directive (MIFID) and other Regulatory Disclosures

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 – 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 – February 2018
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 – March 2019
Factsheet MiFID II – Focus on Post-Trade Transparency – March 2019

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
BNP Paribas CIB Allocation Policy – EN
Cash Equities – BNPP CIB Order Handling and Execution Policy Appendix – 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
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 disclosures letter – August 2018
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 – May 2021
TTCA Information Statement

RTS 28 2021 Best Execution Report
RTS 28 Analysis Note – SFT
RTS 28 Analysis Note – Rates
RTS 28 Analysis Note – FX Derivatives
RTS 28 Analysis Note – Credit
RTS 28 Analysis Note – Warrant and Certs
RTS 28 Analysis Note – Swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb Warrant and Certs
RTS 28 Analysis Note – BNPP Arb swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb equity derivatives
RTS 28 Analysis Note – BNPP Arb Rates
RTS 28 Analysis Note – BNPP Arb SFT
RTS 28 Analysis Note – BNPP Arb Commodity Derivatives
RTS 28 Analysis Note – BNPP Commodity Derivatives
BNP Paribas SA MiFID Best Execution Per venue
BNP Paribas Arbitrage MiFID Best Execution Per venue
BNP Paribas SA MiFID Best Execution Per venue Commodities
RTS 28 2020 Best Execution Report
RTS 28 Analysis Note – SFT
RTS 28 Analysis Note – Rates
RTS 28 Analysis Note – FX Derivatives
RTS 28 Analysis Note – Credit
RTS 28 Analysis Note – Commodity Derivatives
RTS 28 Analysis Note – Warrant and Certs
RTS 28 Analysis Note – Swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb Warrant and Certs
RTS 28 Analysis Note – BNPP Arb swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb equity derivatives
RTS 28 Analysis Note – BNPP Arb Rates
RTS 28 Analysis Note – BNPP Arb SFT
RTS 28 Analysis Note – BNPP Arb Commodity Derivatives
BNP Paribas SA MiFID Best Execution Per venue
BNP Paribas Arbitrage MiFID Best Execution Per venue

RTS 28 2019 Best Execution Report
RTS 28 Analysis Note – SFT
RTS 28 Analysis Note – Rates
RTS 28 Analysis Note – FX Derivatives
RTS 28 Analysis Note – Credit
RTS 28 Analysis Note – Commodity Derivatives
RTS 28 Analysis Note – Warrant and Certs
RTS 28 Analysis Note – Swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb Warrant and Certs
RTS 28 Analysis Note – BNPP Arb swaps and other equity derivatives
RTS 28 Analysis Note – BNPP Arb equity derivatives
RTS 28 Analysis Note – BNPP Arb Rates
RTS 28 Analysis Note – BNPP Arb SFT
RTS 28 Analysis Note – BNPP Arb Commodity Derivatives
BNP Paribas SA MiFID Best Execution Per venue
BNP Paribas Arbitrage MiFID Best Execution Per venue

RTS 28 2018 Best Execution Report
RTS 28 Analysis Note – SFT
RTS 28 Analysis Note – Rates
RTS 28 Analysis Note – FX Derivatives
RTS 28 Analysis Note – Credit
RTS 28 Analysis Note – Commodity Derivatives
RTS 28 Analysis Note – BNPP SA Warrant and Certs
RTS 28 BNPP Arb Warrant and Certs
RTS 28 BNPP Arb swaps and other equity derivatives
RTS 28 BNPP SA swaps and other equity derivatives
BNP Paribas SA MiFID Best Execution Per venue
BNP Paribas Arbitrage MiFID Best Execution Per venue

RTS27 Report on Quality of Execution
Link to RTS 27 Reports