ESMA · ESMA_QA_1065 Answer Published
Best Execution
- Regulation
- Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries
- Topic
- Best Execution
- Submitted
- 2019-05-29
- Answered
- 2019-05-29
Question
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?
Answer
[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.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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