The Markets in Financial Instruments Directive II, which took effect in January 2018, requires market participants to communicate closely in order to comply with the comprehensive regulatory requirements.
With the aim of providing our clients and counterparties with easy access to some essential MiFID II questions such as relevant contact persons, LEI codes, trading relationship etc., we have set up this FAQ.
Our web page is continually updated.
What is the LEI code for Jyske Bank A/S?
The LEI code for Jyske Bank A/S is 3M5E1GQGKL17HI6CPN30. For clients wanting more information about LEI please go to www.jyskebank.dk/lei (in Danish and English).
Will Jyske Bank trade in an systematic internaliser (SI) capacity and in what instruments?
Yes. From January 2018 we will opt in on equities and Danish investment funds. Furthermore, from February 2018 we will opt in on Danish mortgages bonds. Information on specific ISIN codes will be provided on our homepage as soon as possible. For the remaining asset classes, we are not able to specify our SI strategy at present.
What about the trading obligation?
For instruments in scope for the trading obligation rules in MiFIR art. 23 and 28, and for which Jyske Bank is not an SI, Jyske Bank will ensure that client orders are sent directly to either a trading venue, a broker who ensures the fulfilment of the trading obligation on our behalf, or use the exemption rule under art. 23(1).
What is the Market Identifier Code (MIC) of Jyske Bank A/S?
The MIC of Jyske Bank A/S is JBSI.
Will Jyske Bank assist its clients in post-trade publication?
Yes. Clients of Jyske Bank will have the option to choose post-trade services provided by Jyske Bank. This is regardless of our SI status. In such cases Jyske Bank will override the decisions rules set forth under RTS 1 and RTS 2 and publish the trades through our APA provider.
Will Jyske Bank be able to undertake transaction-reporting on behalf of clients?
Yes. Jyske Bank will be able to undertake transaction-reporting on clients’ behalf, on the condition that the client transmits the required information to Jyske Bank in accordance with RTS 22.
Which other services can Jyske Bank provide?
Jyske Bank will possibly provide other services including services to meet reporting obligation in respect of portfolio management. We encourage any client to contact us for bilateral discussion of potential needs.
Does Jyske Bank consider itself in scope for the unbundling rules under MiFID II concerning research?
Yes. However, discussions within the industry and among regulators are still ongoing, as to whether specific departments within the same legal entity can be outside the scope. At present Jyske Bank does not consider our treasury department to be in scope for the unbundling rules.
How will Jyske Bank handle the unbundling rules?
Jyske Bank intends to serve its buy-side clients with flexible and competitive solutions and we intend to offer a number of research packages. It is furthermore our intention that written FICC research will be provided free of charge in accordance with the ESMA Q&A on investor protection topics. Jyske Bank will also offer an RCA/RPA solution.
For further information on our research packages please contact Director, Head of Research, Jacob Vinding Jensen at email@example.com.
For further information on our RCA/RPA solution please contact Vice President, Head of Equity Sales, Kim Sejdelin at firstname.lastname@example.org.
Who should I contact, if I have questions regarding MiFID II?
For any further questions and further documentation regarding MiFID II, please send an e-mail to MiFID2@jyskebank.dk
Where can I find Jyske Banks best execution policy?
Please be advised that our best execution policy is available at our website. When you are trading after 3rd January 2018 you are accepting Jyske Bank’s order execution policy. Therefore, we kindly ask you to review this policy.
To which e-mail address can I send information regarding cost and charges?
Please send your information to MiFIDPostTrade@jyskebank.dk.