UK FSA seeks to define Mifid best execution requirements

Regulatory update

LONDON - The UK financial services industry is gearing up to address the challenges posed by the best execution requirements in the Markets in Financial Instruments Directive (Mifid). However, with less than 18 months left before Mifid comes into force, regulatory bodies and financial firms are still mulling over the definition of best execution.

In early August, both the Financial Services Authority (FSA) in the UK and the Autorite des Marches Financiers (AMF) in France released position pap

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