ESMA_QA_1065

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1065

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Regulatory Context

Regulation : MIF2

Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Best Execution

Subject Matter: Best Execution

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Question

Submission Date: 29 May 2019

What information should execution venues and investment firms report in the template fields of RTS 27 and 28, if the required content is not applicable to their activities?

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ESMA Answer

Answer Date: 29-05-2019

[ESMA35-43-349 Investor protection Best execution Q&A22] As part of their respective reporting obligations related to the quality of execution, execution venues (RTS 27) and investment firms (RTS 28) should insert a ‘N/A’ (i.e. ‘not applicable’) reference in template fields which are not applicable to their activities. For example, according to the relevant RTS 27 template, execution venues should insert ‘N/A’ in the respective field (e.g. in the field referring to ‘scheduled auctions’), if the required content is not applicable to the activities of the execution venue.

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This document was automatically extracted from the ESMA EMIR Q&A database.