MiFID
The introduction of the MiFID, the Markets in Financial Instruments Directive, on
November 1st means important changes for existing and new clients of Delta Index.
Since we set up the company six years ago we have been lobbying for regulation of
Financial Spread Betting. We are delighted to be able to tell you that from November
1st all Financial Spread Betting firms will need to become regulated. Delta Index
has already applied for regulation in Ireland by the Financial Regulator under the
terms of the MiFID.
Implications for you as a client or potential client include an obligation on us to
ascertain your level of knowledge and experience and to categorise you as "Retail"
or "Professional". We can then ensure that we offer you the most appropriate product
or service. This obligation to classify clients will be achieved by means of an on-line
questionnaire.
Existing clients will need to complete the questionnaire before the 1st of November
this year in order to fulfil the legal requirements of the Directive. If you do not
do so, you will not be able to access your account after the deadline until the questionnaire
is complete.
All new clients will need to complete the same questionnaire before their account
is activated.