Q&A · ESMA
Best Execution
Answered
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A firm that both executes client orders and transmits them to other firms must publish two separate top-five reports, one on execution venues and one on brokers, though it may also publish a consolidated report.
Details
| Reference | ESMA_QA_1037 |
|---|---|
| Issuer | ESMA |
| Published | 16 Dec 2016 |
| Answered | 16 Dec 2016 |
| Submitted | 16 Dec 2016 |
| ESMA topics | Best Execution |
| Earlier Q&A document | ESMA35-43-349 MiFIDII Investor protection Best execution 7 |
Provisions it relates to
- Article 27 MiFID II · Obligation to execute orders on terms most favourable to the clientInferred · 85%
- MiFID II (whole act)Explicit reference