Esma published review of implementation and supervision of the rules
The European Securities
and Markets Authority (Esma) has criticised national regulators
for failing to properly enforce best execution practices under
In a report published
on Wednesday, the regulator said the level of best execution by
investment firms and the level of convergence of supervisory
practices by national regulators was low.
Under Mifid best
execution requires brokers to get the best possible result for
a client’s order. Brokers must take into account
execution factors including price, costs, speed and likelihood
of execution and settlement.
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