Q&A · ESMA

Classification of NON EU instruments in RTS28 report

Rejected

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

Asked how firms should classify non-EU instruments that are absent from FIRDS and FITRS when preparing RTS 28 best-execution reports. ESMA rejected the question, so there is no answer.

Details

Reference	ESMA_QA_973
Issuer	ESMA
Published	29 May 2023
Submitted	29 May 2023
ESMA topics	Best Execution

Provisions it relates to

Article 27 MiFID II · Obligation to execute orders on terms most favourable to the client
MiFID II
Inferred · 75%
MiFID II (whole act)
Explicit reference

Documents it refers to

RTSEnds 11 Aug 2028Explicit reference
Commission Delegated Regulation (EU) 2017/576 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the annual publication by investment firms of information on the identity of execution venues and on the quality of execution
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS 28 requiring investment firms to publish annually, for each class of financial instruments, their top five execution venues by trading volume for client orders, with a summary of the execution quality obtained. Repealed by Delegated Regulation 2026/825; valid until 11 August 2028.