Commission Delegated Regulation (EU) 2026/825 of 14 April 2026 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria to be taken into account in establishing and assessing the effectiveness of order execution policies of investment firms and repealing Commission Delegated Regulations (EU) 2017/575 and (EU) 2017/576

RTS on best execution under the amended Article 27 MiFID II: sets the content of order execution policies, criteria for selecting execution venues and routing orders (including automatic order routing and single-venue policies), client instructions, dealing on own account, use of reference data such as the consolidated tape, and monitoring and periodic assessment of policy effectiveness. Repeals RTS 27 and RTS 28 (2017/575 and 2017/576); applies from 12 February 2028.