Topic
Best Execution
54 published works
Global Regulation Tomorrow
FCA’s Best Execution Review – Key themes and governance challenges for UK equity markets
In December, the FCA brought out its findings on best execution in UK listed cash equities in relation to wholesale banks. In recent months, we have become used to these…
Global Financial Regulatory Blog
FCA Publishes Findings on Best Execution at Wholesale Banks
The findings from a multi-firm review examine how wholesale firms deliver best execution in UK listed cash equities. By Nicola Higgs, Rob Moulton, Jonathan Ritson-Candler, and Charlotte Collins Key Points:…
Banking, Finance and Securities
FCA multi-firm review of wholesale banks’ approach to best execution in UK listed cash equities
By Simon Lovegrove (UK), Charlotte Carnegie
On 12 December, the Financial Conduct Authority (FCA) published findings from its multi-firm review of how wholesale banks deliver best execution in UK listed cash equities. Background The FCA explained…
Global Regulation Tomorrow
ESMA public statement on reporting requirements under RTS 28
By Simon Lovegrove (UK), Floortje Nagelkerke (NL)
On 13 February 2024, the European Securities and Markets Authority (ESMA) issued a public statement concerning Regulatory Technical Standard (RTS) 28 under MiFID II. The public statement follows an earlier…
FinReg + Policy Watch
SEC “Gift” to the Industry: Four Market Structure Proposals, 3-2 Votes (In Part), but No Partridge in a Pear Tree
By Nick Losurdo
Our client alert discuss recent SEC rulemakings covering proposed new “Regulation Best Execution” (new Exchange Act Rules 1100, 1101, and 1102 establishing a best execution standard and requiring robust policies and…
FinReg + Policy Watch
SEC Staff Risk Alert Criticizes Broker-Dealer Reports on Best Execution and Payment for Order Flow
By Nick Losurdo
Our recent client alert discusses the SEC Division of Examinations Risk Alert on quarterly reports required under Exchange Act Rule 606, which are published by broker-dealers to provide customers with…
Free Writings + Perspectives
FINRA Publishes 2023 Report on Its Examination and Risk Monitoring Program
By Steffen Hemmerich, Wonji Kim, Timothy Nagy, Anna T. Pinedo, Stephen Vogt
On January 10, 2023, the Financial Industry Regulatory Authority, Inc. (“FINRA”) published the 2023 Report on its Examination and Risk Monitoring Program (the “Report”). FINRA highlights several topics as key…
Financial Services Observer
SEC Proposes to Establish a New Best Execution Standard
By William Mack, Mark D. Shaffer
On Dec. 14, 2022, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), released a statement announcing a proposal to establish an SEC rule setting forth a best execution standard…
Global Regulation Tomorrow
ESMA statement on promoting clarity to market participants on best execution reporting
On 14 December 2022, the European Securities and Markets Authority (ESMA) published a public statement concerning the deprioritisation of supervisory actions on the obligation to publish RTS 27 reports after…
Global Regulation Tomorrow
ESMA final report on the MiFID II framework on best execution reports by investment firms
By Effie Stathaki, Simon Lovegrove (UK)
On 16 May 2022, the European Securities and Markets Authority (ESMA) published a final report on the review of the MiFID II framework on best execution reports by investment firms.…