Legal notices.

Legal terms

Legal terms

Markets in Financial Instruments Directive (MiFID)

The MiFID directive has come into force across the state members of the European Union on November 1 st 2007.

The MiFID regulation will govern a number of important investor protection and market integrity issues, such as best order execution, conflicts of interest and requirements for the organisation of intermediaries.

Financial intermediaries will face higher standards assuring a higher lever of client protection and simple order execution. For this purpose, MiFID provides for 3 categories of clients, each benefiting from a different level of client protection under the new European rules.

STEVENS & DE MUNTER has revised the general terms and conditions with respect to the new MiFID requirements (in particular regulating the policies of conflicts of interests, order execution and order handling).

The revised General Terms and Conditions are available on request. Please contact us if you have any questions or needing addition information.


  • 120, Boulevard de la Pétrusse
    L-2330 Luxembourg
  • Tel (+352) 453929-1
    Fax (+352) 26440143
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    B-1050 Bruxelles
  • Tel.  (+32) 2 230 32 27
    Fax  (+32) 2 646 69 31