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The Markets in Financial Instruments Directive (MiFID) is the EU legislation that regulates firms who provide services to clients linked to financial instruments, and the venues where those instruments are traded. MiFID was applied in the UK from November 2007, but is now being revised to improve the functioning of financial markets in light of the financial crisis and to strengthen investor protection. The changes are coming into effect on 3rd January 2018, with the new legislation being known as MiFID II. FCI MARKETS is authorised and regulated by the Financial Conduct Authority in the UK and is required to comply with MiFID II.
MiFID II is the updated version of the original Markets in Financial Instruments Directive (MiFID) which was implemented back in 2007 and designed to regulate financial markets within the EU. From 3rd January 2018, European Regulators will enforce MiFID and MiFID II to all member states in the EU with the aim to make the European financial markets safer, more transparent and competitive. The MiFID II framework has a primary focus on Data and requires financial service providers, such as FCI MARKETS, to ensure that they are able to record, to report and store data responsibly. This includes, but not limited to:
The coverage of reportable instruments has also increased to cover:
In preparation for the enhanced Markets in Financial Instrument Directive (MiFID II) due to take effect on January 3rd 2018, FCI Markets are required to verify your nationality if you wish to trade Index, equity, bond and commodity CFD products.
Therefore, if you are a national of (or have dual nationality) of any of the listed countries (see below) we require you to provide a copy of your corresponding National Client Identifier (NCI) document(s) when we request it from you.
You can send copy of the relevant NCI document(s) to our accounts team on info@fci-ltd.co.uk
| Country | Personal Number |
|---|---|
| Belgium | Belgian National Number - Numéro de registre national – Rijksregisternummer |
| Bulgaria | Bulgarian Personal Number |
| Cyprus | National Passport Number |
| Czech Republic | National Identification Number - Rodnéčíslo |
| Denmark | Personal Identify Code - CPR |
| Estonia | Personal Identification Code - Isikukood |
| Spain | Tax identification number - Código de identificación fiscal |
| Finland | Personal Identity Code |
| UK | UK National Insurance Number |
| Greece | Personal ID - 10 DSS digit investor share |
| Croatia | Personal Identification Number - Osobniidentifikacijskibroj (OIB) |
| Iceland | Personal Identify Code - Kennitala |
| Italy | Fiscal Code - Codicefiscale |
| Lichtenstein | National Identity Card Number -Personenidentifikationsnummer (PEID) |
| Lithuania | Personal code - Asmenskodas |
| Netherlands | National Identity Card Number - Persoonsnummer |
| Norway | Personal ID - Foedselsnummer |
| Poland | Poland - PESEL / Numeridentyfikacjipodatkowej Or Tax Number (Numeridentyfikacjipodatkowej) |
| Portugal | Tax Number - Número de Identificação Fiscal |
| Romania | National Identification Number - Cod Numeric Personal |
| Sweden | Personal Identify Number - Personnummer |
| Slovenia | Personal Identification Number - EMŠO: EnotnaMatičnaŠtevilkaObčana |
| Slovakia | Personal Number - Rodnéčíslo |
| For Nationals of countries outside of the EU / EEA, provide a copy of your valid passport | |
FCI Markets is a trading name of Foreign Currency Innovations Limited and is regulated by the Financial Conduct Authority under FCA Register number: 616985. Foreign Currency Innovations Ltd, a company registered in England under company number 7274218. enquiries@fci-markets.co.uk
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