Page 43 - 期货和衍生品行业监管动态（2024年7月刊）

期货和衍生品行业监管动态

ESMA Consults on Firms’ Order Execution Policies under MiFID II (2024/7/16)

The European Securities and Markets Authority (ESMA), the EU’s financial

markets regulator and supervisor, today launched a consultation on draft technical

standards specifying the criteria for how investment firms establish and assess the

effectiveness of their order execution policies.

The objective of the proposed technical standards is to foster investor protection

by enhancing investment firms’ order execution.

ESMA is seeking stakeholder input on:

the establishment of an investment firm’s order execution policy. This includes

the classification of financial instruments in which firms execute client orders and the

initial selection of venues for the order execution policy;

the investment firm’s procedures to monitor and regularly assess the

effectiveness of its order execution arrangements and order execution policy;

the investment firm’s execution of client orders through own account dealing;

and on

how an investment firm should deal with client instructions.

Further information on the MiFID II / MiFIR review and the upcoming

consultations can be found on the dedicated webpage.

Next steps

ESMA will consider all comments received by 16 October 2024.

Based on the input received, ESMA will prepare the final report for subsequent

submission of the final draft technical standards to the European Commission.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-firms-order-execut

ion-policies-under-mifid-ii

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