From my Broker (Degiro)
Why will some foreign ETFs and derivatives be (temporarily) unavailable from 02-01-18 onwards?
In accordance with new European legislation (MiFID II), parties issuing ETFs and derivatives are obliged to provide documentation in the language of country where the buyer resides. This in order to better protect and inform buyers. Many foreign issues still choose to write these documents in their own local language. These products will no longer be purchasable on our platform, starting from the 2nd of January, lasting until the language requirements are met.
Which products will this affect?
This regards a selection of foreign ETFs and derivatives where no documentation in English is provided.
How long will this last?
This will differ per product, and solely depends on the issuing parties. As soon as documentation in English is available, the products will be purchasable again on our platform.
Can I still own or sell these products?
Yes, the change only prevents you from purchasing these products on our platform. Owning or selling them will work as it did before, and remain possible.
Can I still purchase these ETFs and derivatives with other parties? As this is the result of a change in European legislation, all issuing parties in Europe need to comply to this demand. For you as a UK customer, all UK brokers will only be able to offer these products when the documentation is available in English.
In accordance with new European legislation (MiFID II), parties issuing ETFs and derivatives are obliged to provide documentation in the language of country where the buyer resides. This in order to better protect and inform buyers. Many foreign issues still choose to write these documents in their own local language. These products will no longer be purchasable on our platform, starting from the 2nd of January, lasting until the language requirements are met.
Which products will this affect?
This regards a selection of foreign ETFs and derivatives where no documentation in [insert local language] is provided. For example, ETFs from Vanguard or iShares.
How long will this last?
This will differ per product, and solely depends on the issuing parties. As soon as documentation in [insert local language] is available, the products will be purchasable again on our platform.
Can I still own or sell these products?
Yes, the change only prevents you from purchasing these products on our platform. Owning or selling them will work as it did before, and remain possible.
Can I still purchase these ETFs and derivatives with other parties?
As this is the result of a change in European legislation, all issuing parties in Europe need to comply to this demand. For you as a UK customer, all British brokers will only be able to offer these products when the documentation is available in English.
Submitted December 31, 2017 at 09:41AM by john-r http://ift.tt/2zTF6Zd
