The Workshop sessions include (continued):
New market structures and the execution policy
- Meeting best execution requirements – price and cost
- Systematic internalisers and firms dealing with clients as principal
- New multilateral trading facilities, dark pools and regulated markets
- Implications for markets and firms
- Order Handling Rules
- Market transparency
The new COBS rules and Treating Customers Fairly
- Where do the requirements cross over
- How does compliance monitoring answer both questions?
- Documentation and recordkeeping
- Measuring the quality and transparency of client service activities
- How to train the business
Remediation and prioritisation
- What are the key challenges for your firm 12 months on
- How do you provide satisfactory evidence of the review and consequent change to execution policies?
- How do you establish client understanding and satisfaction within the new system
- How do you demonstrate effective conflict management?
- What – if anything – do you need to tell the regulator?
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