MiFID_II_EN

7 MiFID II will strengthen the current investor protection by imposing a series of new requirements in a number of areas: In what way does MiFID II enhance investor protection? Stricter rules in con- nection with the sale of complex products Stricter procedures in order to ensure that financial products will be offered or recom- mended to the target audience for which they are intended ( product governance ) Introduction of a new kind of investment service: investment advice on an independ- ent basis Limitations on the payment and receipt of commissions by financial institutions providing investment services Extended duty of care for investment service providers Improvements in the provision of informa- tion to clients Increased cost transparency More education and training for employees Tougher sanctions and increased supervision Better identification of legal entities that engage in financial transactions in order to track market abuse more quickly Stricter rules for telephone conversa- tions and electronic communications on investment services