Best Execution

The Coronavirus (COVID-19) Pandemic: A Summary of FCA Guidance & Regulatory Developments in the EU’s Investment Services and Capital Markets Sectors

The FCA has issued the following guidance to the financial services industry regarding the response that FCA expects firms to take in response to the Coronavirus (COVID-19) pandemic. The FCA has four primary concerns: Protection of consumers; Protection of industry employees/staff; Protection of markets; Resilience of firms. The FCA [...]

Use of Dealing Commission 2017

Of Relevance to: Investment Managers As mentioned in the separate article “Best Execution” in this Regulatory Roundup, the FCA recently completed a follow-up review looking at how investment managers oversee their use of dealing commission. In a statement published 3 March 2017 the FCA’s conclusion was that most firms had [...]

Of Relevance to: Investment Managers The FCA has published a statement on its website to the effect that investment managers are (still) failing to ensure effective oversight of best execution. It’s not the first time that the FCA has published work related to best execution – see Regulatory Roundup 58 [...]

Investment and Corporate Banking Study

In July 2014 the FCA launched its wholesale sector competition review with a call for inputs – see Regulatory Roundup 57 for further details. The review of feedback ended in February with investment and corporate banking being identified as areas where competition may not be working effectively and “would benefit [...]

Best Execution and Payment for Order Flow: The FCA talks tough

Recipients of our recent Regulatory Roundup (issue 58) may have read the article on ‘Best Execution and Payment For Order Flow’ following the publication by the FCA of its findings following a series of Thematic Reviews to a total of 36 firms (TR14/13). In our view the tone of TR14/13 [...]

Best Execution and Payment For Order Flow

Following a thematic review of best execution (see Regulatory Roundup 53) the FCA has now published the results of its findings – TR14/13: “Best execution and payment for order flow”. As will be apparent from the title the FCA took the opportunity to incorporate into the review the practice of [...]

Best Execution in Different Markets

Market Watch 45 confirms that the FCA is currently undertaking a thematic review of best execution in different markets. Although the findings will not be published until later this year, as the article also takes the opportunity to update industry ‘on some areas where firms may have mis-understood the requirements’ [...]

Tag: Best Execution