Q&A · ESMA
Best Execution
Answered
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Execution venues' RTS 27 reports under Article 27(3) MiFID II must cover all transactions on the venue whatever the client category, including eligible counterparty trades, unlike firms' RTS 28 reports, which cover only retail and professional client orders.
Details
| Reference | ESMA_QA_1046 |
|---|---|
| Issuer | ESMA |
| Published | 4 Apr 2017 |
| Answered | 4 Apr 2017 |
| Submitted | 4 Apr 2017 |
| ESMA topics | Best Execution |
| Earlier Q&A document | ESMA35-43-349 MiFID II Investor protection Best execution 12 |
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