Markets in Financial Instruments Directive ("MiFID")
MiFID became law in the UK on 1 November 2007. It was designed to encourage competition between Europe’s trading venues for financial instruments. It also aimed to ensure appropriate levels of protection for investors and consumers of investment services across the European Union (EU).
More recently, the European Commission (Commission) reviewed the MiFID framework and concluded that change was needed. The revised legislation, MiFID II, became effective in the UK from 3 January 2018 and has the four following objectives:
- strengthen investor protection
- reduce the risks of a disorderly market
- reduce systemic risks, and
- increase the efficiency of financial markets and reduce unnecessary costs for participants
The purpose of this web page is to inform you of our order execution arrangements, including details of executing venues used by AXA IM UK entities in the management of your account(s), along with a summary of our Conflicts of Interest Policy and a general description of the nature and risks of the respective financial instruments related to the provision of MiFID investment services.
Conflicts of Interest
Best Execution
Risk Factors
- Risk Factors (2025)
Should you have any questions in relation to this webpage or on any other areas of MiFID, please feel free to contact us.
European MiFID Template
Download the latest European MiFID Template
The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.
Risk warning
The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.