MUFG Securities (Europe) N.V. - Services Modules
The terms in the Service Modules apply when MUFG Securities (Europe) N.V. ("MUS(EU)") and/or MUFG Securities (Europe) N.V. Paris branch (“MUS(EU) PB") provides Investment Services. The terms of the relevant Service Module supplements and applies in addition to the MUS(EU)Terms of Business.
General Communications and Marketing Material Disclaimer
The general communications and marketing material disclaimer for MUFG Securities EMEA plc (including Dubai Branch), MUFG Securities (Europe) N.V. (including Paris Branch), MUFG Bank, Ltd. London Branch and MUFG Bank Ltd. DIFC Branch – Dubai
Statutory Status Disclosures
Please note that MUFG Securities EMEA PLC; MUFG Bank, Ltd and MUFG Securities (Europe) N.V.; constitute “MUFG EMEA".
If you would like to preview our statutory disclosures please access the link below:
MiFIDII/MiFIR/PSD2
MUFG EMEA policies
Complaints policies
- Complaints Policy: MUFG Bank, Ltd., London Branch
- Complaints Policy: MUFG Bank, Ltd., Milano Branch
- Complaints Policy: MUFG Bank, Ltd., Paris Branch
- Complaints Policy: MUFG Bank (Europe) N.V.
- Complaints Policy: MUFG Securities EMEA Plc
- Complaints Policy: MUFG Securities (Europe) N.V. Amsterdam Branch
- Complaints Policy: MUFG Securities (Europe) N.V. Paris Branch
- Whistleblowing: MUFG Bank, Ltd., London Branch
Top Five Execution Venue Reports
Quality of Execution Data Reports – MUFG Bank, Ltd., MUFG Bank (Europe), NV, MUFG Securities EMEA plc.
Ex-Ante Costs and Charges and Inducements Disclosures
- Pre-Trade (Ex-Ante) Costs and Charges Disclosure for Transactions - MUFG Bank, Ltd., and MUFG Bank (Europe) N.V.
- Pre-Trade (Ex-Ante) Costs and Charges Disclosure for Transactions - MUFG Securities EMEA plc*
- Pre-Trade (Ex-Ante) Costs and Charges Disclosure for Transactions – MUFG Securities (Europe) N.V.
- Summary of Underwriting and Placement Fees - MUFG Securities EMEA plc
Fixed Income and Currency (“FIC”) Product Dealing Disclosures
This notice sets out some of the key disclosures required for clients when dealing in the FIC products, where we transact in the FIC markets as a dealer and market maker. This notice is subject to our regulatory duties to our clients and is intended to supplement other disclosures concerning the terms and conditions of FIC transactions with us.Minor Non-monetary Benefit
MUFG may provide the following types of Minor non-monetary benefits to our clients:- Communications from our sales teams that contain:
- short term market commentary on the latest economic statistics or company results;
- a generic explanation of the risks and benefits of a particular financial instrument;
- information showing the performance of financial instrument against a benchmark;
- alerts concerning events (e.g. shares reaching a certain price, non-farm payrolls, rate changes, CPI data announcements);
- research paid by the issuer on a new issue;
- trade ideas relating to one or more financial instruments, that are not substantiated nor and do not include any substantive analysis;
- a view on the implementation of an investment strategy based on a view of the market, the economy or an issuer;
- Macro-economic materials;
- Events/Deal Roadshows where MUFG acts on behalf of an issuer client, at which there is a communication of fact about an issuer and their securities where there is no restriction on firms attending;
- Participation in conferences, seminars and other training events on the benefits and features of a specific financial instrument or an investment service;
- Hospitality of a reasonable de minimis value.
- Communications from our sales teams that contain:
Systematic Internaliser – MUFG Bank, Ltd. and MUFG Securities EMEA plc.
MUFG had a Systematic Internaliser (SI) status under regulations like MiFID II, which means it was an investment firm that executed client orders on its own account outside of regulated trading venues on a frequent, systematic, and substantial basis. However, as of December 1st, 2025, MUFG Bank, Ltd and MUFG Securities (EMEA) plc no longer acts as a Systematic Internaliser.What this means for MUFG
- Past role: MUFG previously acted as an SI, requiring it to publish quotes via Authorised Publication Arrangements (APAs) when requested by clients, according to MUFG EMEA.
- Current status: The "Systematic Internaliser" designation for MUFG Bank, Ltd and MUFG Securities (EMEA) plc has been discontinued.
- Service limitations: Because of this change, MUFG Bank, Ltd and MUFG Securities (EMEA) plc may not provide certain MiFID II investment services to non-professional (retail) clients.
- Remaining services: For non-professional clients at MUFG Bank, Ltd, the firm's services are now limited to Currency Spot Transactions and Means of Payment Transactions.
Key takeaway
If you are a client of MUFG Bank, Ltd or MUFG Securities (EMEA) plc and have previously traded with them as a Systematic Internaliser, you should be aware that these firms are no longer operating in that capacity for certain services.
The documents listed below relate to the implementation of Directive 2014/65/EU (“MiFIDII"), Regulation (EU) No 600/2014 (“MiFIR") and PSD2 Directive of 2015/2366) of the European Parliament and of the Council for the entities listed below.
MiFIDII and MiFIR set out the regulatory regime for investment services in the EU. They include requirements with regards to investor protection and market transparency.
DFA CFTC
MUFG Securities EMEA plc ("MUFG Securities") is registered as a Swap Dealer under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("DFA" or "Dodd-Frank").
DFA SBSD
MUFG Securities EMEA plc ("MUFG Securities") is registered as a Security-Based Swap Dealer under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("DFA" or "Dodd-Frank").
Other regulatory disclosures
Global Wholesale Foreign Exchange Dealing Disclosures
In May 2017 the Bank of International Settlements (BIS) published the BIS FX Global Code (the Code). MUFG Bank adheres to this Code. Please see our Statement of Commitment below. In addition, the notice below sets out our disclosures in relation to standard dealing with clients and other market participants in principal-to-principal transactions in the wholesale FX markets, including with respect to FX options, spot, swaps, deliverable and non-deliverable forwards.UK Money Markets Code Statement of Commitment
In April 2017 the UK Money Markets Committee published the UK Money Markets Code, which sets out standards and best practice to be followed by firms dealing in repos, deposits and securities lending. Accordingly, MUFG Bank, as a UK market participant, acknowledges the Code and has committed to conducting business in line with the Code. Our complete Statement of Commitment is below.- MUFG Bank - Statement of Commitment to the Money Market Code
- MUFG Securities - Statement of Commitment to the Money Market Code
- MUFG Bank and MUFG Securities - Money Market Dealing Disclosures
EMIR Refit
The amending regulation to the European Market Infrastructure Regulation (also known as EMIR Refit) will come into force on 17 June 2019. EMIR Refit introduces various changes including (i) a new category of “Small Financial Counterparty" which will not be subject to the clearing obligation; (ii) amendments to the way the clearing threshold is calculated for Non-Financial Counterparties in respect of asset classes; and (iii) reclassification of all EU Alternative Investment Funds as Financial Counterparties. This may impact our counterparties or clients' EMIR classification and/or clearing category.If you are a counterparty or client of MUFG and believe your EMIR classification will change as a result of EMIR Refit, please let us know. If we do not hear from you, we will assume that there has been no change to your previous counterparty representations.
Financial Conduct Authority approval notices
De Nederlandsche Bank approval notices
Wolfsberg Anti-Money Laundering Questionnaire 2019
MBE Wolfsberg Anti-Money Laundering Questionnaire 2023
Notice of DNB Approval for Intragroup Collateral Exemption under EMIR
Investment Recommendation Disclosures
The Market Abuse Regulation (“MAR") Investment Recommendation Disclosures for MUFG Securities EMEA plc and MUFG Bank, Ltd London Branch.
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