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MiFID, the Market in Financial Instruments Directive , is a new EU Directive which must be implemented in national legislation in all member states by November 1, 2007.

MiFID sets forth a range of new requirements for the entire European financial sector with the aim of introducing a single European market in financial instruments. Its main goal is to promote the emergence of an efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The Directive contains measures that will change and improve the organization and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities.

Saxo Bank A/S, as an EU-regulated investment firm, falls under MiFID’s jurisdiction, and has therefore implemented the new legal requirements, protocols and policies necessary to be compliant with the directive. We have also taken the opportunity to update our business terms.

On November 1, 2007, a new set of General Business Terms, a Best Execution Policy and a Conflict of interest Policy will become effective. Please familiarize yourself with the new terms and policies on our website