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.

Order Execution

> AXA IM Order Execution Summary

Top-Five reports 2019 PDF
> AXA IM UK - Top-five Report 2019
> AXA IM GS - Top-five Report 2019

Top-Five reports 2019 Excel sheet
> AXA IM UK - Top-five Report 2019
> AXA IM GS - Top-five Report 2019

Top-Five Reports 2018
> AXA IM UK - Top-five Report 2018
> AXA IM GS - Top-five Report 2018

Conflicts of Interest

> AXA IM Conflicts of Interest 

Risk Factors

> Risk Factors

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

To request our latest European MiFID Template (EMT) please click here



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