Legal Framework
| New Regulation (MiFID) | Client categorization | Client orders | Conflict of interests |
Dear Clients,
The Markets in Financial Instruments Act and Ordinance No: 38 of the Financial Supervision Commission on the Requirements to the Activities of Financial Intermediaries are in effect from November 1st, 2007. They introduce the requirements of Commission 2006/73/EC implementing Directive 2004/39/EC of the European Parliament and of the Council regarding the market in financial instruments (MiFID), and the organizational requirements and operating conditions of the investment intermediaries as well.
The legal framework contributes to the harmonization of the legislation of the Republic of Bulgaria with the European one in relation to the financial markets, to better transparency of the investment services and activities, to increasing the competition in the financial sector within the European Union.
According to the regulatory requirements First Investment Bank AD in its capacity of an investment intermediary provides information to its clients related to:
- Client Categorization – Client Categorization Rules;
- Financial instruments and the risks related thereto – Description of financial instruments, investment products and risks related thereto;
- Execution and places of execution of client orders – First Investment Bank AD Policy on execution of client orders;
- Conflict of interests – First Investment Bank AD Policy on handling of conflict of interests as an investment intermediary;
- Measures on guaranteeing financial instruments or clients’ funds – Description of the measures the Bank undertakes for guaranteeing financial instruments or clients’ funds and of the investors’ compensation plans or for guaranteeing the deposits.
Their publication on the website aims at provision of information to the clients, and to the potential clients of First Investment Bank AD respectively, subject of the terms and conditions of article 15 of Ordinance No: 38 of the Financial Supervision Commission on the Requirements to the Activities of Financial Intermediaries.
Contact Phones:
Treasury:
Dimo Spasov - Director
tel. (02) 9100 106
sdimo@fibank.bg
Ivan Bonchev - Broker
tel. (02) 9100 157
invest@fibank.bg
Hristo Sugarev - Investment Consultant
tel. (02) 800 2956
hristo.sugarev@fibank.bg
