Tag Archives: best execution

ESMA updates MiFID 2 FAQs

ESMA has updated its FAQs on investor protection and intermediaries under MiFID 2. New questions added in May focus on: best execution: a new question addresses what is meant by “other liquidity provider”; client categorisation: new questions look at when and how a firm can assess whether it can treat an individual private investor as a professional client, […]

ESMA updates MiFID 2 FAQs

ESMA has updated the MiFID 2 FAQs in respect of: investor protection and intermediaries. It has added 12 new questions, focusing on client categorisation, post-sale reporting, recording of calls and communications, best execution, and information on costs and charges. transparency and market structures.  On transparency, there are several new questions, particularly on non-equity transparency, the […]

ESMA updates Q&As on MiFID II and MiFIR investor protection and intermediaries topics

ESMA has today updated its Q&A topics on best execution and recording of telephone conversations and electronic communications. Best execution MiFID II requires investment firms to take all sufficient steps to obtain the best possible result for the client when executing orders.    It also requires trading venues to publish, without charge,  data on the quality of the […]

FCA makes key MiFID 2 rules

On the deadline of 3 July, FCA has made its final rules implementing many aspects of MiFID 2. Its second feedback statement includes its response to consultation on amendments to PERG CASS complaints handling inducements, including adviser charging and inducements relating to research client categorisation disclosure requirements independence suitability appropriateness dealing and managing underwriting and […]

ESMA looks at MiFID 2 investor protection

ESMA has added 10 new questions to its Q&As on investor protection under MiFID 2 and MiFIR.  The new questions cover: timing requirements for execution reports; how to report when orders are sent for execution to different entities within a group; inclusion of ECP transactions within data execution venues publish; how investment firms operating OTFs […]

FCA concerned on best execution

FCA has warned investment managers it may take further action after finding that they have failed to meet expectations on securing best execution for their clients. FCA is concerned the majority of firms have not taken proper note of its thematic review on the topic in 2014. Many firms had not conducted a good gap analysis since […]

ESMA finds best execution improvements

A report from ESMA on the standard of regulatory supervision of best execution requirements under MiFID shows national regulators have improved the level of attention they pay to compliance with best execution requirements. The report covers only the 15 EU regulators identified in a previous peer report as needing to make improvements.  ESMA says many had done […]