MiFID II Documents

The Markets in Financial Instruments Directive 2014/65/EU and the Markets in Financial Instruments Regulation (EU) 648/2012 (“MiFID 2”) comes into force on 3 January 2018.  Our updated client documentation is available via the links below

We have amended our terms of business (“Terms of Business”), order execution policy (“OEP”) and our conflicts of interest policy (“CIP”) in order to comply with MiFID 2.  We have also amended our personal data and privacy language in order to align with the new General Data Protection Regulation (“GDPR”) coming into force in Europe in 2018.

Should you have any questions, please contact Gerard Walsh : +44 20 7233 3273

Static Data:

Northern Trust Securities LLP’s LEI and other static data can be found here MiFID II Static Data incl LEI:

Please review FCA Registration details including the services for which we are authorised.

Changes to Settlement and Clearing – Effective November 17 2017:

Please note – the tripartite settlement and clearing arrangement we have with BNP Paribas Securities Services (“BNPSS”) will come to an end on 17 November 2017.

We will continue to use BNPSS as our settlement agent, but you will no longer be required to enter into a direct contractual relationship with BNPSS.

This change will not affect the contractual obligations on either you or us to settle trades on the relevant date, and you will now face Northern Trust Securities LLP rather than BNPSS on your trades with us.

New standard settlement instructions will be required for most markets however, and details will follow closer to the implementation date.