Information to investors

MiFID

The Markets in Financial Instruments Directive (MiFID) is a directive of the European Union on the requirements for markets in financial instruments, which came into effect on 1 November 2007. The main aim of this Directive is to ensure the uniform regulation regime of trade in financial instrument within all EU member states. The Directive’s main principles are higher protection of investors, quality provision of investment services and ensuring of market transparency.

When providing investment services to the clients, Ūkio bankas complies with the following principles laid down in the MiFID:

Acts in good faith, justly and professionally with the aim to represent the clients’ interests in the best manner. Following this principle, the Bank ensures client protection when cooperating with professional market participants.
Provides extensive and comprehensible information, which is correct, clear and not misleading and therefore, prior to adopting decisions, the clients have better knowledge of financial products and services.
Provides investment services considering specific situation related to the client and ensures the compliance of investments with the investor’s needs.

A higher protection of investors is ensured by taking into account a category of investors.

What are investor categories?

Retail investors. They have the highest level of investor protection because they are deemed to have small experience in securities markets. The major part of AB Ūkio bankas clients are classified in this group – these are private clients and small enterprises.
Professional investors. Clients classified in this category include credit institutions, insurance companies, financial brokerage enterprises, collective investment undertakings and their management companies, national governments, big enterprises etc. They are deemed to have sufficient knowledge and experience and, therefore a lower level of investor protection could be applied for them.
Eligible counterparties – the operators having extensive knowledge and experience in the finance markets to whom investor protection rules are not applied.

Downloads for investors

Taking into consideration the Directive’s requirements, the Bank renewed its agreements on the provisions of investment services and other documents related to the provision of investment services. The Bank invites everyone to get acquainted with the documents ensuring honest, open and effective cooperation in the provision of investment services to clients:

Order Execution Policy defines regulations, terms and conditions and principles followed by AB Ūkio bankas in executing and transferring orders given by professional and retail investors concerning financial instruments with the aim to ensure the best possible quality of investment services to its clients.
Avoiding Conflicts of Interest Policylays down the procedures the Bank is following with the aim to control conflicts of interests and ensure client protection when providing investment services.
Procedure of Client Categorization For Providing Investment Services sets out the actions of the Bank’s officers having the right to provide investment services when categorising investment clients.
Description of Financial Instruments and Related Risks introduces various investment instruments and risks typical of them to investors.