Key Details

Duration: 3 Hours

Delivery method: Inhouse

Overview

The FCA rules relating to Best Execution cover all ‘financial instruments’. Firms must establish and implement a Best Execution Policy, setting out details of how Best Execution will be achieved.The course is designed to provide participants with an understanding of the current FCA rules, and the obligations that are imposed...

The FCA rules relating to Best Execution cover all ‘financial instruments’. Firms must establish and implement a Best Execution Policy, setting out details of how Best Execution will be achieved.

The course is designed to provide participants with an understanding of the current FCA rules, and the obligations that are imposed on regulated firms. You will be shown what needs to be considered as content for a Best Execution Policy and which would stand Regulatory scrutiny.

The course will cover in detail the Best Execution rules, including relationships with all clients including Professionals. The course will set out how a firm complies with its ‘Obligation’ to provide its clients with Best Execution as well as illustrating what a Best Execution Policy might look like.

Who is this for?

Anyone involved in, or responsible for client contracts, terms of business and the execution of orders will need to understand the impact of compliance with these rules and the implications for changes to policy and documentation.

  • The scope of the Best Execution Rules
  • Client relationships and Terms of Business
  • Order execution
  • The nature and application of the ‘Obligation’ under regulatory Rules
  • Reasonableness
  • Client and Firm types
  • Product types
  • Best Execution Policy
  • Structure and content
  • Monitoring and update
  • Disclosure

After attending this course, participants will be able to:

  • Explain the Best Execution criteria
  • Write, or amend, their Best Execution policy
  • Describe the circumstances in which the Best Execution obligation is owed
  • Explain the record keeping and monitoring requirements of the Best Execution regime