MiFID II

MiFID II (Markets in Financial Instruments Directive) - Directive 2014/65 / EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (MiFID II) together with Regulation (EU) 600/2014 (MiFIR) replaces Directive 2004/39 / EC (MiFID I) and represents the update of the harmonized legal framework governing the requirements applicable to investment firms, regulated markets, data reporting service providers and third country firms which provides investment services or carries out investment activities in the Union.

The purpose of MiFID II is to improve the competitiveness of EU financial markets and ensure a high level of harmonized investor protection in financial instruments, obtaining a greater degree of pre-trade and post-trade transparency of that will apply to all trading venues and over-the-counter (OTC) markets.

Client categorization in retail, professional and eligible counterparties, together with the associated level of protection for each category is still a key element of MIFID II.

Below are a number of important information and documents that we recommend you to read carefully.

Useful documents

- MiFID II Presentation document

Execution of Client's Orders

- Best Execution and client order handling Policy for retail and professional clients

- BRD Summary of the Best Execution Policy for Retail Clients

- List of Execution Venues made availale by BRD Groupe Societe Generale S.A.

REPORTING ON THE QUALITY OF EXECUTION of transactions BY brd - groupe SOCIETE GENERALE S.A.

BRD - Groupe Societe Generale S.A. (“BRD”) is authorized to provide investment services for the receipt and transmission of orders, the execution of orders on behalf of clients and the dealing on own account.

In accordance with Commission Delegated Regulation (EU) 2017/575, BRD - Groupe Societe Generale S.A shall make available to the public data relating to the quality of execution of transaction. These periodic reports shall include details about price, costs, speed and likelihood of execution for traded financial instruments.

Disclaimer

BRD – Groupe Societe Generale S.A. discloses this information on the quality of execution in order to meet its regulatory requirements under MiFID II, which require this data to be made available to the public.

BRD does not permit any one to sell these data or to sell a product which uses these data without BRD - Groupe Societe Generale S.A. express consent.

BRD – Groupe Societe Generale S.A. reserves the right to amend the reports if deemed necessary.

BRDL-LIQP-RTS27-Q3-2018

SYSTEMATIC INTERNALISER (SI)

- BRD - Groupe Societe Generale S.A. Systematic Internaliser Commercial Policy

List of Financial Instruments for which BRD-Groupe Societe Generale S.A acts as SI 

Costs and Charges, Information on Financial Instruments

Pursuant to Article 24.4 of the Directive 2014/65/EU (MiFID II) and to Article 50 of Delegated Regulation 2017/565, BRD - Groupe Societe Generale S.A. informs its clients on the costs and charges of the services we offer and on the products traded with us, both in primary and secondary markets situations.

For retail clients category under the MiFID II, the cost and charges information is presented pre and post-trading.

For professional clients category under MiFID II, the cost and charges information is presented post-trading and pre-trading only for complex financial instruments.

The costs and charges charged by BRD - Groupe Societe Generale S.A. for the investment services and activities and ancillary services are detailed in
the specific contracts that the Client enters into with the Bank, in the Key Information Document (hereinafter referred to as "KID"), information made available to the clients on the Bank's institutional website.

Cost and charges information is presented in aggregated mode. Upon request, the costs and charges may also be provided based on the cost & charge types. 

BRD - Groupe Societe Generale S.A. will provide to clients the annual report on all costs and charges related to the investment services offered.

Costs and charges may vary depending on the circumstances of each transaction and our price will be determined in accordance with our Best Execution Policy.

This costs and charges information is provided to you for regulatory purposes only and does not represent a recommendation, nor an offer to buy or sell a specific product.

Therefore, you will find below some information about costs and charges applicable to the financial instruments, offered by BRD - Groupe Societe Generale S.A and BRD Asset Management S.A.I. S.A.

Maximum costs and charges applicable to transactions and services related to financial instruments 

- Costs and charges provided by BRD Asset Management S.A.I. S.A. in the capacity of Fund Manager: