I am a member of an investment Club that has just received a demand from the Club brokers for extraordinarily intrusive personal details aledgedly required under Mifid II. I have had to supply my National Insurance number and nationality to my own broker, Selftrade, but the Club broker is demanding in addition my tax reference as well as my place of birth and other detail that would provide a fertile source of identity fraud.

What have others involved in Investment Clubs been required to provide to their brokers under Mifid II? What is, in fact, required under MifidII regulations?

To limit the number of organisations that hold such extensive personal details I am inclined to decline to provide such information and resign from the Club since it is merely a social event of no financial importance which we had resolved to wind up later this year in any event.

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