Mifid best execution relief for buy side hangs by a thread

Largest grouping in European Parliament faces uphill battle to suspend RTS 28 reporting

Fraying rope

Legislators in the European Parliament have put forward an amendment in a Covid-19 recovery package to suspend best execution reporting for buy-side firms under Europe’s markets rules – but lawmakers opposed to the measure could yet block the amendment.

On July 24, the European Commission released draft rules making targeted amendments to various pieces of European Union legislation, with the aim of aiding the bloc’s recovery following the coronavirus crisis. Dubbed the capital markets recovery

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