MiFID as an International BenchMark
Investors Europe (Mauritius) Ltd (“IEM”), is regulated by the Financial Services Commission, Mauritius. The company’s directors believe that Investors Europe sets an international benchmark in terms of the additional protection and safety it provides clients. Within this commitment to the protection of its clients, the company is compliant with, and abides by, the two main pillars of the EU’s Market in Financial Instruments Directive (MiFID) : (i) Best Execution policy and (ii) Conflicts of Interests policy.
MiFID is an important piece of legislation governing dealings in financial instruments across the European Community which has been adopted as Best Practice by Investors Europe (Mauritius) Limited. Although the company is not regulated by the provisions set out below, these will have a direct impact on the relationship between the firm and its clients and the company believes this commitment is overwhelmingly positive for our clients whether they be citizens of the EU, or not. This is because it means clients will be given greater protection because we will take greater account of your particular circumstances and financial objectives.
By committing as a company to MiFID as our benchmark, we categorise our clients into two main categories : retail clients and professional clients.
It is important that you understand that amongst the services provided by the company may be spot forex trading which is not afforded the same client protection. This is because it is not covered by MiFID and if you traded spot forex in the EU (our benchmark) you would not be given any protection under same in certain jurisdictions.
The company reserves the right to stop retail clients trading products which it considers to be against their interests, in the light of the clients’ specific characteristics, knowledge and trading profile.
A client will be categorised as a professional if he or she meets two of the three specific criteria below:
If you consider that you meet the above criteria and specifically wish to be treated as a Professional client, either generally or in respect of a particular investment service or transaction, or type of transaction or product, you must inform us of the same in writing. After assessing you against the above criteria we must then give you a written warning of the protection and investor compensation rights that you will stand to lose a result of waiving your retail client status. In a separate document to your contract with us you must also state that you are aware of the consequences of waiving the protections afforded to Retail clients by the company.
In accordance with the company’s commitment to be working operationally under MiFID as a corporate benchmark, Investors Europe (Mauritius) will also be requiring you, as part of the account opening process, to complete one or two questionnaires that will enable us to determine whether certain products and services that we offer are suitable and appropriate for your particular level of knowledge and experience.
Rest assured, however, that whilst the foregoing will enable us to understand your specific trading profile and attendant risks as an investor, it will in no way not stop or impede you from continuing to trade per normal. If you wish to discuss any of the issues addressed in this communication, or any other matter relating to your dealings with us, please contact firstname.lastname@example.org. Alternatively any member of our staff will be happy to assist you with your queries.
The Board of Directors