ESMA has published a report to the European Commission on best execution supervisory reporting for investment firms under the MiFID II, in order to ensure an effective and consistent level of regulation and supervision and to enhance investor protection.<\/p>\n
Best execution is the obligation for intermediaries, when executing client orders, to take appropriate and effective steps to achieve the best possible result for clients, with regard to price, cost, speed of execution and type of order.<\/p>\n
In particular, ESMA suggests to:<\/p>\n
a)\u00a0\u00a0\u00a0\u00a0\u00a0 improve the quality of supervisory reporting by removing the requirement for firms to report on the characteristics of executed orders, as this has not proven effective under the current regulatory framework<\/p>\n
b)\u00a0\u00a0\u00a0\u00a0\u00a0 facilitate the use of reporting arrangements.<\/p>\n
Final Report, \u201cReview of the MiFID II regulatory framework on best execution reporting by investment firms\u201d, published on ESMA website on 16 May 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" ESMA has published a report to the European Commission on best execution supervisory reporting for investment firms under the MiFID II, in order to ensure an effective and consistent level…<\/p>\n","protected":false},"author":2,"featured_media":152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[29],"yoast_head":"\n