Market in Financial Instruments Directive II (MiFID II) – what it means for you - J.P. Morgan Asset Management
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Market in Financial Instruments Directive II (MiFID II) – what it means for you

A new set of regulations aimed to make the financial services market more transparent across Europe comes into effect on 3 January 2018 – this set of regulations is known as MiFID II. As a result of the regulations, we are required to collect additional information from our clients who hold investments within our investment trust range of products.

Additional client information required by 3 January 2018
J.P. Morgan is required to collect and record the following information from you in order to execute investment trust transactions on your behalf:
  • Your nationality
  • Your National Insurance number - If you are not a British national, please refer to the table  below   for alternative details we can accept
If you are an existing J.P. Morgan account holder, you will have received a letter including a form to provide the additional client information to us. This can also be found below.

Additional client information form  
Please return completed forms to the following address:
J.P. Morgan Asset Management
Client Administration Centre
PO Box 12272
Chelmsford CM99 2EL

FAQs

What happens if I do not provide the additional details by 3rd January 2018?
If we do not receive this information before 3rd January 2018, it may cause delays with dealing instructions, and mean we will be unable to place trades (either buying or selling) in our J.P. Morgan Investment Trust range on your behalf.

I am not a British national - what details should I provide? 

If you are not a British national, please refer to the table  below   for the details we can accept

Do I need to provide the additional details if I only hold funds (OEICs)?
No, the additional client details are only required if you are investing in our investment trust range.

What if I have a joint account?
In the case of joint accounts, where this information is required from other holders we will contact each one separately.

What If I am unable to provide any of the additional information required?
If you are unable to provide details of your nationality or the additional information required, please contact us on 0800 20 40 20 or + 44 1268 44 44 70 with your account details to hand. Our telephone lines are open Monday to Friday, 9am to 5.30pm.

What will you do with my information?

The regulations require us to share your nationality and National Insurance Number along with your first name, surname and date of birth with the Financial Conduct Authority for every share (or other listed security) trade you place. For further information on how we use your data, please refer to  our privacy policy.  

Any further questions?
If you have any further questions relating to the new regulations, please call our UK-based Investor Services team on 0800 20 40 20 (or +44 1268 44 44 70) with any questions you have. Our lines are open Monday to Friday, 9.00am to 5.30pm. If you are an existing client please have your account details to hand.

If you do not have a National Insurance Number

The following table should be used if you are not a British national: