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December 2017

MiFID II comes into effect on 3 January 2018. Here we explain the aims of MiFID II and the implications it will have from a client’s perspective as well as a bank’s.

FOR INFORMATION ONLY - This commentary and the matters to which it refers, is provided for general information purposes only and is subject to change. The views expressed are those of Barclays Bank PLC (“Barclays”) and Barclays is not obliged to update the commentary or inform you of any changes to such matters.

ACCURACY OF INFORMATION - Every attempt has been made to ensure that the information provided is accurate. However, neither Barclays nor any of its employees makes any representation or warranty (express or implied) in relation to the accuracy, reliability or completeness of any information or assumptions on which this commentary may be based and cannot be held responsible for any errors. No liability is accepted by Barclays (or any of its affiliates) for any loss (whether direct or indirect) arising from the use of the information provided.

NO ADVICE - It is in your interests to obtain independent professional advice before committing to any transactions. The commentary does not provide investment, legal, regulatory, accounting or taxation advice. Barclays is not an advisor and will not provide any advice relating to a product, laws/regulations or area of regulatory change.

For a more detailed explanation of the issues highlighted in this commentary, please contact your legal counsel. Professional legal advice should be obtained before taking or refraining from taking any action as a result of the contents of this commentary. You and your legal counsel are encouraged to actively review and monitor regulations applicable to you and any corresponding consequences.

NO LIABILITY - Barclays is not responsible for the use made of this commentary, other than the purpose for which it is intended, except to the extent this would be prohibited by law or regulation.