The experts at KBC Private Banking will do those time-consuming tasks for you and give you the necessary support based on your investment style, always taking into account the MiFID II rules. As you would expect from us, transparency and open communication are part and parcel of our services.

Not much really. Will you now have to pay more for these services? No, not at all. The fees and charges stay the same. The new rules will instead have the following effect:

1. When you come for a meeting regarding investment advice, you will receive a personalised ‘overview of the advice’ in addition to the legal documentation. This overview will show, for instance, the fees and charges you would pay if you were to sell investment A or buy investment B.
2. Every year, KBC Private Banking will provide you with an overview of all fees, charges and taxes (see these frequently asked questions to find out more).
3. All rates and charges will also be expressed in euros, while those in a foreign currency will be converted into euros. For more information, see the overview of the most recent exchange rates.

MiFID brings nothing new under the sun. This European directive was introduced back in 2007 to improve competition and transparency on the financial markets and to protect you as an investor. You can therefore count on KBC Private Banking to make sure its proposals to you are based on your financial situation, investment objectives and attitude in terms of risk and return.

The interests of the investor are key to MiFID II, the revised version of the directive that came into effect on 1 January 2018. As is always the case, KBC Private Banking will give you clear information on the rates and charges, risks and strategy of the investment products.