Over the last few months we’ve made a range of improvements to our service to make Share Dealing simpler and your investments more secure.
We‘ve made some changes to help you manage your account:
We‘ve also improved the information we provide to help with your future investments including:
It’s in response to some new regulations which were put in place following the global financial crisis. The European Commission wanted to reduce the risk of this happening again so reviewed the existing regulations and introduced new ones to fill the gaps. The new regulations are very wide-ranging and, amongst other things, seek to increase transparency, better protect investors, reinforce confidence, address unregulated areas, and ensure that supervisors are granted adequate powers to fulfil their tasks.
They will benefit from greater protection. The regulations have been designed to improve how firms are managed and controlled, how well the financial markets are protected, and to offer improved information to customers.
Some customers may be contacted to provide a little more information about themselves, but other than that there’s nothing you need to do. In fact, customers will receive more information than they did in the past, for example receiving statements on a quarterly basis, clearer information about cost and charges and so on that will help them compare different companies’ services.
Good question! These are assets where the regulators want customers to have increased protection before they can purchase them. This means that firms have to find out if a customer has the experience and knowledge to understand the risks of investing in the asset. If something is classed as complex, it’s usually because of the way it’s structured and that it has specific features and risks that you need to understand before you invest.
No. From a customer’s point of view, all the changes introduced by this new regulation are positive. They are being put in place to make sure the investment market works exactly as it should and to look after your interests.
The views expressed are those of the industry expert and are not intended to provide legal, tax, or financial advice.