Information for clients under MiFID and PRIIPs
Dear Clients, the new rules for trading in investment instruments as stipulated by Directive 2014/65/EU of the European Parliament and of the Council (MiFID II) which has been transposed into Act no. 256/2004 Coll., on capital markets undertaking in the amendment thereto, namely Act no. 204/2017 Coll., come into effect on January 3, 2018. The new rules extend client protection as implemented in the preceding MiFID regulation already.
At the same time, January 3, 2018 is the date of coming into effect of Regulation no. 1286/2014 of the European Parliament and of the Council (PRIIPs), which introduces a new document, called the KID = Key Information Document which that will allow you to compare any relevant product with other providers easily.
We would like to inform you of the most important circumstances regulated by the European Directive and Regulation. We believe the information contained therein will prove itself useful to you.
Client categorisation
In the interests of protecting investors, the Act requires that the Bank classify clients as standard or professional clients, and based on this classification provide the corresponding protection. The parameters by which clients are categorised are described in the document
Private investors will likely not understand sometimes complicated investment issues as well as professional traders or representatives of multinational companies; for this reason, we provide private clients with the highest level of protection in this area.
Mitigating conflicts of interest
When developing new investment instruments, we assess whether conflicts of interest can arise in connection with placing a new product or service on the market, especially between clients of ČSOB, a.s. and ČSOB, a.s. itself. If it is not possible to entirely eliminate a possible conflict of interest, we adopt any and all reasonable measures to eliminate or minimise it. The following document discusses in more detail efforts to mitigate conflicts of interest:
Mitigating conflicts of interest
Executing clients’ instructions under the best conditions
One of the basic principles of MiFID, in connection with the provision of investment services, is the execution of clients’ instructions under the best conditions. When executing clients’ instructions, we take any and all reasonable steps to achieve the best possible result in terms of speed of the transactions and the price of the investment instrument. Should ČSOB, a.s. not have express instructions from the client, it will try to execute the order according to the principles set out in Principles of executing instructions (document have been revised and reflecting the data as of March 20, 2025)
We also provide non-professional clients with a comprehensive overview of the Principles of Execution of the instructions, focusing on the total costs incurred by them in the Executing the orders of clients under the best conditions – summary with focus on total costs (document have been revised and reflecting the data as of March 20, 2025).
Československá obchodní banka, a.s. in accordance with the law, it publishes for each type of investment instruments
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a summary and conclusions of the analysis resulting from the quality monitoring of the execution of orders in investment instruments at the venue where the client instructions were executed in the perceding year:*
* Documents have been revised and reflecting the data as of April 30, 2025
Approach of ČSOB, a.s. to incentives
ČSOB, a.s. accepts incentives in the form of commissions from investment companies that manage collective investment funds, securities brokers and other third parties. At the same time it ensures that these accepted/provided incentives increase the quality of investment services and that we act in the best interests of our clients.
Approach of ČSOB to incentives when providing investment services
Product brochures
The purpose of these documents is to provide the client with information about the nature of financial products offered by ČSOB, a. s. and call attention to the risks tied to them to allow the client to make a well-informed decision.
Overview of products discussed in product brochures
Foreign Exchange and Money market products
Financial markets – Information document
Product score
A product score expresses how risky a product is. It takes into account, not only how the investment fluctuates, but also other elements such as capital protection, credit rating, asset allocation, foreign currency exposure and liquidity. Detailed information about the meaning of the product score and how it is calculated can be found in the following documents:
How product score is calculated
Information about changes to the product score of investment and savings products
Summary information on consignment agreements
The summary of related documents contains statutory information about purchasing and selling investment instruments, which the bank is obliged to disclose to clients when providing investment services.
Summary information on Master Agreement for Financial Market
The summary of related documents contains statutory information related to concluding transaction with investment or hedging instruments, which the bank is obliged to disclose to clients when providing investment services.
Fees and charges in relation to investment service and investment instruments
The indicative amounts of fees and charges associated with an investment service and investment instruments in relation to the individual product groups offered by ČSOB are listed in the document, Fees and Charges
PRIIPs – Key Information Documents
PRIIPs focuses on the compilation of standardised documents for any product with an investment component which intends to improve information transparency for retail investors (based on MiFID classification, these are MiFID Standard Clients). The Key Information Document (KID) is generated for the purposes of easy product comprehension and comparison of offers with other providers. All of the accessible documents are available at Key Information Document.