Lucy HadrillESMA is consulting on proposals for improvements to the MiFID II framework on best execution reports. The proposals include technical changes to:
- the reporting obligations for execution venues:
- aimed at simplifying the reporting requirements by reducing the granularity and volume of data to be reported; and
- moving to a set of seven indicators aimed at disclosing meaningful information to help firms to assess venues’ execution quality; and
- the reporting requirements for firms: focussing mainly on clarifying the requirements for firms that transmit client orders or decisions to deal to third parties for execution.
The consultation closes on 23 December 2021.
