From 3 January 2018 (pursuant to Regulation (EU) No 600/2014 on markets in financial instruments [MIFIR]), natural persons and unregistered sole proprietorships/freelancers may only perform securities and OTC derivatives transactions if they notify the bank carrying out the transactions of their standardized NCI. Please note that this applies to both purchases and sales of securities.
The NCI is generated on the basis of various, pre-defined personal data that differ according to your citizenship. For customers who are citizens of Austria, Germany, France, Hungary, Ireland or Luxembourg, the NCI is generated as standard using an identifier created on the basis of the individual’s name, date of birth and a country code. Such customers are not required to take any further action.
The folder on the National Client Identifier (NCI) provides an easy-to-read summary of essential information.