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FCA best execution requirements (COBS 11.2)
Practical Law UK Practice Note 0-595-2107 (Approx. 34 pages)
FCA best execution requirements (COBS 11.2)
This note provides an overview of the FCA's best execution requirements that applied before 3 January 2018. Best execution is the requirement for firms carrying on investment business to obtain the best possible result for their clients when executing client orders or passing them to other firms for execution.
The FCA's rules on best execution are set out in the Conduct of Business sourcebook (COBS) in the FCA Handbook, primarily in COBS 11.2. These rules are derived from the Markets in Financial Instruments Directive (2004/39/EC) (MiFID), the MiFID Implementing Directive (2006/73/EC) and the UCITS Organisation Directive (2010/43/EU).
For information on the FCA's current best execution requirements, see Practice note, MiFID II: FCA best execution requirements (COBS 11.2A).
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Resource ID 0-595-2107© 2024 Thomson Reuters. All rights reserved.
Law stated as at 03-Jan-2018
Resource Type Practice notes
Jurisdictions
Related Content- European Union
- United Kingdom