Your oil risk manager will start by working with you to gain an understanding of where you are exposed..Read more
Keeping fuel costs within a predictable range protects you from unexpected changes in the price of fuel. Changes that could otherwise seriously impact your budget and profit margin.
The Global Risk Management Group consists of three companies of which one is licensed with the Danish FSA as investment firm. This means that we are subject to the rules and regulations of MiFID II (Markets in Financial Instruments Directive). MiFID legislation regulates firms providing services to clients linked to financial instruments – like we do with fuel price hedging.
Our legal name therefore contains the Danish word for investment firm: Fondsmaeglerselskab since this is mandatory.
MiFID has been applicable across Europe since 2007 and is a cornerstone of regulation of EU financial markets. It is designed to improve the functioning of the financial markets after the financial crisis and also to strengthen investor protection.
Global Risk Management Investment Firm is registered with the Danish FSA, license no. 8325.
MiFID sets out:
The protection of investors is strengthened through the introduction of new requirements on product governance and independent investment advice, the extension of existing rules to structured deposits, and the improvement of requirements in several areas, including on the responsibility of management bodies, inducements, information and reporting to clients, cross-selling, remuneration of staff, and best execution.
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