MiFID II - Customer Protection

Documentation

The MiFID II - Customer Protection application called M2 is designed to work with Bricknode Broker.

This application solves the following problems:

Financial intermediaries (securities firms/distributors) have to supply end customers with information about the costs incurred for each of their fund holdings and structured product holdings, both regarding how much the intermediary has applied to the specific holding and also from within the financial instrument producer.
They also have to show the general costs incurred, such as account fees and admin fees. They also need to show the returns received before and after fees. We call this problem costs and charges (Ex Post).
In addition to calculating the costs incurred, the intermediary has to show the customer for each instrument the potential costs that will be incurred for the coming period. We call this problem costs and charges (Ex Ante).
Financial intermediaries have to classify their customers according to their knowledge and fit in relation to the products that are offered so the customer is not allowed to invest in something that they are not fit to invest in. We call this problem the target market.

The app supports the following

Import of an EMT V4 file
Viewing EMT information in M2
Adding Knowledgroups to be used when adding or editing instruments in Bricknode Brocker.
Import files with kickback levels called Broker Ex Post

Bricknode Broker supports the following