Buy side hopes for best execution reporting carve-out
After EC exempts venues from best execution reporting, Aima hopes RTS 28 reports will be next
The European Commission’s proposed rollback of best execution reporting has left some wondering why the carve-out stopped short of the buy side’s reporting obligations.
The proposed amendments to the second Markets in Financial Instruments Directive (Mifid II), published on July 24, include a two-year suspension of the quarterly best execution reports compiled by trading venues and systematic internalisers.
Intended to reduce the administrative burden and aid the recovery from the Covid-19
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