Goldman Sachs Bank Europe SE – Entity Information

The information below may be updated from time to time, so please continue to access the webpage to ensure you have the most up to date information.

If you have any questions please contact your Goldman Sachs Representative.

LEGAL, REGULATORY AND OPERATIONAL SETUP INFORMATION

Legal & Regulatory Information
Operational Set Up Information

GLOBAL REGULATORY DISCLOSURES

Business Continuity Disclosure
Client Security Disclosure
Goldman Sachs' Terms of Dealing Disclosure
Adherence to Industry Codes of Conduct

EUROPEAN REGULATORY DISCLOSURES

General Disclosures

Complaints Handling Policy 
Conflicts of Interest Policy 
Third Party Inducements 
Information Statement Relating to Risks in Connection with Title Transfer Collateral Arrangements 
CSD Participant Cost Disclosure Statement 
CSD Participant Risk Disclosures
Systematic Internaliser Commerical Policy – Non-Equity Instruments
EMEA Equity Trading Venue – Rules and Regulations 
Subordinated Loan Agreement
Goldman Sachs Bank Europe SE – COVID-19 Disclosures for June 2020
Goldman Sachs Bank Europe SE – COVID-19 Disclosures for June 2020 (German)

Pillar 3 Disclosures

Goldman Sachs Bank Europe SE - Pillar 3 Disclosures for 2019
Goldman Sachs Bank Europe SE - Pillar 3 Disclosures for 2019 (German) 

Execution Related Disclosures

EMEA Securities Division Best Execution Policy 
EMEA PWM Best Execution Policy Summary 
Best Execution RTS 28 Report 2020 – Qualitative Commentary 
Best Execution RTS 28 Report 2020 – Professional Report 
Best Execution RTS 28 Report 2020 – Retail Report
Best Execution RTS 28 Best Efforts Report 30 April 2018 – Professional Report 
Best Execution RTS 28 Best Efforts Report 30 April 2018 – Retail Report 
Best Execution RTS 28 Report 30 April 2019 – Professional Report 
Best Execution RTS 28 Report 30 April 2019 – Retail Report 
Best Execution RTS 27 Execution Quality Report Q1 2019
Best Execution RTS 27 Execution Quality Report Q2 2019
Best Execution RTS 27 Execution Quality Report Q3 2019 
Cash Equity Venues in EMEA 
FICC Venues in EMEA 
Information on Nature and Risks of Investments for Professional Clients

Clearing-Related Disclosures

Clearing Member Risk Disclosures (Direct and Indirect Clearing) 
Direct Client Risk Disclosures (Indirect Clearing) 
Direct Client Indirect Clearing General Terms and Conditions 
Important Information for IBD Retail Clients 
Important Information for IBD Professional Clients
Wichtige Hinweise für Privatkunden nach WpHG 
 

MiFID II INFORMATION

The Market in Financial Instruments Directive and Markets in Financial Instruments Regulation (“MiFID II”) comes into effect from 3 January 2018. MiFID II replaces the original Markets in Financial Instruments Directive (“MiFID”) which has been in force since 2007. MiFID II introduces a broad range of provisions, which includes among them:    

• Building on MiFID market structure provisions, prescribing rules relating to the operation of Regulated Markets, Multilateral Trading Facilities and the newly specified Organised Trading Facilities and requiring mandatory venue trading for certain in-scope equities and OTC derivatives;
• Enhancing the Systematic Internaliser regime and pre- and post-trade price transparency rules for equity financial instruments and extending these to equity-like and non-equity financial instruments; 
• Expanding the transaction reporting requirements to a broader set of financial instruments, introducing quality of execution and top 5 venue reporting requirements and commodities position limit monitoring and reporting requirements;
• Enhancing rules on product governance, suitability and appropriateness, client assets, inducements (including research) and costs and charges disclosure;
• Introducing obligations relating to indirect clearing and straight through processing of cleared derivatives, algorithmic/high frequency trading systems and controls and increased record keeping requirements.

MiFID II requires Goldman Sachs to provide certain information and disclosures to its clients. Associated disclosures can be seen above.