Renesource Capital has certain product governance obligations under Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (“MiFID II Directive”) and the Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing the MiFID II Directive.
In this regard, we would like to inform you that Renesource Capital identifies the target market for those financial instruments for which the Client's order execution services are provided. Renesource Capital does not develop or distribute financial products, while the client purchases a financial instrument on its own initiative.
Renesource Capital has no option to ascertain whether a particular client belongs to an identified target market for a financial instrument and can only provide a minimum set of data in accordance with MiFID II rules, as a result of which clients should independently evaluate their belonging to the target market group.
As Renesource Capital provides execution-only services in financial instruments at the initiative of the client, Renesource Capital does not assess the client's compliance with the target market of the respective financial instruments, only assesses the client's knowledge and experience, if applicable.
