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Investor protection


The website on investor protection specifies important information related to investments, which is necessary for each investor for making investment decisions and using the investment services and ancillary investment services provided by AS SEB Pank or its subsidiaries (hereinafter: the Bank or SEB). We would ask each investor to read the information provided in this website before making any investment decisions. In the case of further questions, please contact an SEB investment consultant.


Integration of Sustainability risks

SEB has adopted  SEB Group´s Policy on the Integration of Sustainability Risk and Impact in Investment Decisions and Investment Advice (PDF). More information about sustainability can be found on responsible investing webpage.

SEB has integrated sustainability risks into investment decisions taken while providing portfolio management services, also into provision of investment advice and insurance advice in the following manner.


Different Kinds and Sources of Risk

Any investment activity involves risks, i.e. the threat of suffering losses as well as the threat of failing to achieve the planned investment result. Investment risks must be assessed before making an investment decision as well as regularly when holding a security or a contract. The brief overview given on this website does not provide an exhaustive list or description of all the risks and considerations related to investment.

Execution of Orders

Upon the execution and forwarding of securities transaction orders issued by clients, SEB follows certain principles and rules that have been formalised as the following Best Execution Policy.

Under requirements of Markets In Financial Instruments Directive 2014/65/EU (MiFID II) and the Markets In Financial Instruments Regulation No. 600/2014 (MiFIR) investment firms must make public, on an annual basis, for each class of financial instruments, the top execution venues and brokers where they executed client orders in the preceding year and information on the quality of execution obtained.

MiFID II requirements entered into force from 3 January 2018, therefore report for the year 2017 may lack some information, since SEB has been collecting information for the preceding year under MiFID I best execution obligations.

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Conflicts of Interest

Avoidance of Conflicts of Interest

SEB Pank Group offers its clients a large range of financial services and may in addition deal on own account. This situation may cause conflicts of interest between:

  • different areas of activity and/or units within SEB Pank Group;
  • SEB Pank Group (including managers, employees, representatives and persons that are in direct or indirect control relationship with SEB Pank Group) and the clients of SEB Pank Group; or
  • the clients of SEB Pank Group.

NB! The following description of financial instruments is of a general nature. The terms and conditions applying to individual financial instruments can vary, and investors should always take care to ensure that they investigate and are fully informed about the particular characteristics and risks of the instruments in which they invest. The bank does not assume any liability for damage that clients may incur if they make their investment decisions on the basis of only the following information and do not study the respective instruments more closely.

Investor compensation schemes

For the purpose of investor protection guarantee systems financed by market participants have been established on the initiative of the state or different market participants. The main goal thereof is to:


AS SEB Pank (hereinafter SEB or the Bank) operates in Estonia on the basis of an operating licence as a credit institution and can provide investment services in addition to other financial services.

Protection of Assets

During the provision of investment and ancillary investment services clients deposit their securities and money on accounts administered by SEB or on accounts administered through SEB by other account administrators (i.e. on nominee accounts). In the depositing and safeguarding of clients’ assets SEB adheres to the requirements established in legislation and terms and conditions agreed on with the client. When providing the investment and ancillary investment services SEB follows the rules of protecting and safeguarding the clients' assets.


SEB classifies all clients to whom investment services, or ancillary investment services are provided as retail clients, professional clients and eligible counterparties. The following explains the classification of clients and the meaning of the classification.

Client categories and principles of classification

The extent of investor protection is defined for each client by classifying the client in one of the following manners: