EU · MiFID II · TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS · CHAPTER II Operating conditions for investment firms · Section 2 Provisions to ensure investor protection
Article 28 MiFID IIClient order handling rules
Requires firms executing client orders to ensure prompt, fair and expeditious execution, handling comparable orders in time order, and, unless the client instructs otherwise, to make public immediately any client limit order in shares that cannot be executed at once (for example by sending it to a trading venue), except where large in scale.
Level 2: delegated and implementing acts
- Delegated actIn forceLegal basis
AI summaryThe main MiFID II Delegated Regulation: defines key terms (such as investment advice, systematic internaliser, algorithmic and high-frequency trading, and direct electronic access) and sets detailed organisational requirements and operating conditions for investment firms, including compliance, conflicts of interest, remuneration, client information, suitability and appropriateness, best execution, client order handling, reporting to clients, record keeping and transaction-level obligations.
Commentary
No law-firm commentary is linked to this provision yet.
393 more documents relate to MiFID II as a whole without naming an article.
UK counterpart
- COBS 11.3.1R · General principlesEquivalentExplicit reference · 90%
No change on either side since exit (31 Dec 2020). COBS 11.3.1R transposes the article, so the wording differs.
- COBS 11.4.1R · Obligation to make unexecuted client limit orders publicEquivalentExplicit reference · 90%
No change on either side since exit (31 Dec 2020). COBS 11.4.1R transposes the article, so the wording differs.
- COBS 11.4.4AG · How client limit orders may be made publicEquivalentExplicit reference · 90%
No change on either side since exit (31 Dec 2020). COBS 11.4.4AG transposes the article, so the wording differs.
- COBS 11.4.5R · Orders that are large in scaleEquivalentExplicit reference · 90%
No change on either side since exit (31 Dec 2020). COBS 11.4.5R transposes the article, so the wording differs.
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Version history
- From 17 Sept 2014
Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.