What disclosures will you make for best execution?
Will you be updating your Order Execution Policy?
When will the updated Order Execution Policy be available?
What is changing
Best Execution under MiFIDII changes in two main ways. Firstly, the requirement moves from taking all ‘reasonable’ steps to provide best execution to clients, to all ‘sufficient’ steps (the difference between these has been the subject of some debate, on which ESMA has provided guidance on in their Q&A on investor protection topics). Secondly, it requires firms to increase their disclosures around best execution, providing more detail at a policy level and making public data relating to the quality of their execution.
Peel Hunt Approach
Our RTS28 disclosures can be found here: http://www.peelhunt.com/legal/RTS+28+Report
What does this mean for me?
We provide more information to clients, more data to clients, and continue to provide the same high quality execution and liquidity that we do on a daily basis.
Explore our articles on the main topics surrounding MiFID II, for a deeper insight into our approach to the new legislation.