ECJ has ruled in the case of Banif Plus Bank Zrt. v. Marton Lantos and Martonne Lantos. ECJ held that foreign exchange (FX) transactions which are part of foreign currency denominated loans do not constitute an investment service. This means that such transactions are not subject to the suitability and appropriateness provisions in the Markets in Financial Instruments Directive (MiFID). (Source: ECJ C-312/14 –Banif Plus Bank FX in foreign currency loans)