Q&A · ESMA
Best Execution
Answered
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Article 64 of the MiFID II Delegated Regulation requires firms executing or dealing in OTC products, including bespoke ones, to check systematically, before execution, that the price offered to the client is fair, using market data and comparable products, with suitable procedures, valuation systems and scrutiny of pricing models.
Details
| Reference | ESMA_QA_1017 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2016 |
| Answered | 10 Oct 2016 |
| Submitted | 10 Oct 2016 |
| ESMA topics | Best Execution |
Provisions it relates to
- Article 27 MiFID II · Obligation to execute orders on terms most favourable to the clientInferred · 90%
- MiFID II (whole act)Explicit reference