FCA Compliance: Best Execution Beyond the Tick-Box

Introduction

In an era of ‘sufficient steps’ and Consumer Duty, a static Best Execution policy is a regulatory liability. Firms must now provide proactive, data-led evidence that they are delivering the best possible results across all asset classes and client types.

This live and interactive session looks at the expectations for different client types; issues the regulator has already called out; and suggestions for how you can move beyond the tick-box and deliver an evidential compliance framework.

What You Will Learn

This live and interactive session will cover the following:

• The Regulatory Framework & Foundations
• Defining Best Execution (COBS 11.2A)
• The Scope of Legitimate Reliance (Four-fold test)
• Retail vs Professional
• Consumer Duty impact
• Common FCA findings and issues
• Analysis of Recent FCA Reviews
• Challenges of assets classes and venues (illiquidity)
• Governance failures
• Strengthening the Framework
• Monitoring vs. Surveillance
• Evidencing justifiable venue selection
• Best Execution Committees
• Monitoring and iterative improvement

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.