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MiFID II notice

London, January 18, 2018

Dear all,

H2O AM LLP is authorised and regulated by the Financing Conduct Authority in the UK.

We hereby confirm that H2O AM LLP is MiFID II-compliant for the new rules revising the Markets in Financial Instruments Directive (2014/65/EU) ('MIFID') and the Markets in Financial Instruments Regulation (600/2014) commonly referred to as now MiFID II.

H2O AM references:

  • Legal Entity Identifier (LEI): 549300V7YSH2IZ841X25
  • Covered Entity Name: H2O AM LLP
  • MiFID II Classification: Professional

H2O AM LLP’s principal place of business is in London. The classification of the fund is in accordance with the UK’s implementation of MiFID II.

It is the distributor’s responsibility, namely Natixis Investment Managers, to distribute H2O UCITS and to disseminate all MiFID II-related information, e.g. EPT and EMT files.

MiFID II introduces greater transparency to the public as well as to regulators.

As a result, H2O AM LLP’s counterparties are now required to issue trade reports, including the Legal Entity Identifiers of both H2O and the H2O funds concerned, to their regulators as part of their regulatory obligations.

Finally, please note that H2O AM LLP will carry on bearing the cost of external research that is necessary for the proper conduct of the investment process. This is in line with the past and current status whereby H2O always paid for such research. As a consequence, this will under no circumstances be charged to clients.

Yours faithfully,

Jean-Noël Alba
Chief Compliance Officer