The Markets in Financial Instruments Directive (MiFID) is a cornerstone of the EU’s regulation of financial markets seeking to improve the competitiveness of EU financial markets by creating a single market for investment services and activities and to ensure a high degree of harmonized protection for investors in financial instruments.
Since 2011, the European Commission adopted a legislative proposal for the revision of MiFID which took the form of a revised Directive (MiFID II) and a new Regulation (MiFIR).
From 3rd January 2018 those new rules have brought the majority of financial instruments into a robust transparency regulatory regime and move a significant part of OTC trading onto trading venues. More specifically, the key rules introduce:
• Fairer, safer and more efficient markets
• Greater transparency
• Stronger investor protection
Should you need further information not included in the website, please do not hesitate to contact us via e-mail to firstname.lastname@example.org or phone (+34 91 537 83 85).
Costs and Charges
BBVA is required, pursuant to Article 24.4 of the Directive 2014/65/EU (MiFID II) and to Article 50 of Delegated Regulation 2017/565, to inform its clients of both the costs and charges of the services we offer and of the products traded with us when we deal as principal, whether we buy or sell, both in primary and secondary markets situations.
This information is intended solely for those clients that have been classified as an Eligible Counterparty under Mifid II Client Categorisation.
Please find attached all the information related to BBVA ex-ante cost and charges disclosure.
BBVA Costs and Charges PDF (926 Kb)