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Disclosure

Pillar 3

RTS 28

Annual publication by investment firms such as Abans Global Limited (AGL) of information on the identity of execution venues and on the quality of execution

• RTS 28 outlines the requirements designed to increase transparency related to executing client orders on trading venues, including systematic internalisers, market makers or other liquidity providers, intended to improve investor protection.
• RTS 28 deals with the content and the format of information to be published by investment firms such as AGL.

Who is in scope?

  Investment firms such as AGL who execute client orders are required to summarise and make public on an annual basis, for each class of financial instrument, the top five execution venues in terms of trading volumes where they executed client orders in the preceding year, as well as information on the quality of the execution obtained.

MiFID II/R: Best Execution

What does the regulation require?

• Investment firms such as AGL, in relation to client orders executed on trading venues (regulated markets, multilateral trading facilities, organised trading facilities), systematic internalisers, market makers or other liquidity providers, or entities that perform a similar function in a third country
• Investment firms such as AGL shall publish the following information with respect to the top five execution venues in terms of trading volumes for all executed orders per class of financial instrument (with separate templates for retail clients and professional clients):
• Class of financial instrument
• Venue name and identifier
• Volume of executed client orders on that venue as a % of total executed volume
• Number of executed client orders on the venue as a % of total executed orders

AS ON - 31st MARCH 2018