ACCESS KID DOCUMENTS

The Packaged Retail and Insurance-based Investment Products Regulation - EU No 1286/2014 (“PRIIPs Regulation” or “PRIIPs”) became applicable on 1 January 2018…

Client Categorisation FAQs

Overview

###…

Opening orders from Retail investors residing in the European Economic Area (EEA) and the United Kingdom that are associated with a product that does not comply with the EU's Packaged Retail and Insurance-based Investment Product Regulation (PRIIPS) will be…

COMPLETE MiFIR REPORTING INFORMATION

The MiFIR Information form requires that you enter an ID based on your Primary Citizenship and not based on your Country of residency (e.g. an Italian or Spanish citizen living in Argentina needs to enter the required Italian or Spanish ID)…

The "account mifid2 short code is missing" error occurs when trying to trade products in the European Economic Area (EEA) without having the required MiFID II (Markets in Financial Instruments Directive II) information set up in your account. This error is related to regulatory reporting obligations for EEA-traded products, which require a unique identifier for the individual or algorithm responsible for making investment decisions…

The European Union legislative act known as the Markets in Financial Instruments Directive, or MiFID, as amended by MiFID II, requires Interactive Brokers (U.K.) Limited (IBUK) to classify each Client according to their knowledge, experience and expertise: "Retail", "Professional" or "Eligible Counterparty"…

We do not supply a list of all ETFs available for clients designated as Retail under European ESMA regulations. Please review the website of the ETFs' asset manager(s) to see if they provide KID documents or use the Order Preview feature to check the current restrictions for a given asset…

The error message "This product does not have a KID in English or in a language approved for your country" typically appears when attempting to trade certain Exchange-Traded Funds (ETFs) and other instruments that are subject to the Packaged Retail and Insurance-based Investment Product (PRIIP) regulation. It applies to retail investors in the European Economic Area (EEA) and the United Kingdom (UK). We are required to make KIDs available to clients via our platforms. Clients however are not required to access or acknowledge them prior to trading; you may elect to view the KID for a particular product but are not required to do so. The message indicates that a Key Information Document (KID) is required for the product you want to trade, but a KID is not available, or not available in an approved language. We are required to prevent trading a product if a KID is not available…

To eliminate this regulatory reporting obligation, an account holder would need to downgrade trading permissions to remove US IPE, France and UK futures and futures options permissions and close the IB-UKL account segment.

However, accounts opened under IBKR Ireland and IBKR Central Europe always fall in the scope of MiFIR transactions reporting, regardless of trading permissions…

As an EEA or UK retail client, you have several options for trading ETFs, particularly those similar to US ETFs that may be restricted due to regulatory requirements. Here are your main options:

• European-issued equivalent ETFs:
  • Many larger US ETF issuers offer equivalent ETFs through their European entities…

In the case of listed securities options, the issuers of the options have developed the Key Information Documents (KIDs) for Packaged Retail and Insurance-based Investment Products (PRIIP). These options are therefore eligible for European clients classified as MiFID Retail to purchase and sell…

The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation applies to Retail Investors who are residents of the European Economic Area (EEA) and the United Kingdom. Unless a client currently subject to this regulation notifies and provides IBKR with proof of an address change outside the EEA or the UK, that client must remain subject to the PRIIPS regulation…

We support cash settled standard warrants listed for trading on the SWX Swiss exchange. This includes a number of share warrants and all index, commodity and currency warrants.

Share Warrants with physical delivery are not supported at this time…

Due to FCA regulations on IBUK clients' trading of crypto currency based instruments, MiFID Non Professional clients are restricted from trading these products…

MIFID II rules require that Interactive Brokers in Europe and the UK provide its retail clients with a reasonable estimate of the costs and charges related to products and services offered.

Retail clients of Interactive Brokers in Europe can view a per-transaction costs and charges disclosure at the time of the order entry (‘ex-ante’). The disclosure is personalized and corresponds to the conditions applicable to the client account…