Best Execution Requirements - What the FCA Expects
Best execution is a requirement for FCA authorised firms to obtain the best possible result for their clients when executing client orders or passing them to other firms for execution.
The applicable best execution requirements differ depending on the nature of the activity undertaken by the firm in question; there are separate differing best execution regimes applicable to four types of authorised firm.
Firms that execute orders on behalf of clients are subject to a more onerous regime than firms that transmit or place orders with other entities for execution. Equally, there are several circumstances in which best execution standards do not apply at all.
This new webinar is suitable for compliance officers, senior managers, traders and portfolio managers at FCA authorised firms, financial services lawyers and compliance consultants.
What You Will Learn
This webinar will cover the following:
- How the various sets of best execution standards under the FCA Handbook apply to each of the following categories of FCA regulated firms:
- MIFID investment firms
- Managers of alternative investment funds (known as ‘AIFMs’) and residual operators of collective investment schemes
- UCITS management companies
- Other types of regulated firm
- How the best execution regime differs in application between FCA regulated firms which execute orders on behalf of clients rather than firms that transmit orders to external brokers for execution
- The circumstances in which best execution standards do not apply at all
This webinar was recorded on 6th October 2020