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Contents > FSAHandbook COBS: 11.2 Best...
Page last published: 13 October 2011

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Financial Services Authority
FSA Handbook of Rules and Guidance
Block 2b      Business standards
COBS      New Conduct of Business Sourcebook
[Made 24 May 2007] [Commencement: 1 November 2007]
COBS 11      Dealing and managing
COBS 11.2 Best execution

Obligation to execute orders on terms most favourable to the client

11.2.1 R A firm must take all reasonable steps to obtain, when executing orders, the best possible result for its clients taking into account the execution factors.

[Note: article 21(1) of MiFID]

[Note: The Committee of European Securities Regulators (CESR) has issued a Question and Answer paper on best execution under MiFID. This paper also incorporates the European Commission's response to CESR's questions regarding

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