FSA Releases Best-Execution Discussion Paper

LONDON - The Financial Services Authority (FSA) has published a discussion paper, DP06/3 Implementing MiFID's best execution requirements. The paper focuses on requirements for financial services firms to take all reasonable steps to provide best execution in accordance with Article 21 of MiFID.

The deadline for submissions of feedback on the paper is August 17, 2006. The feedback will inform the FSA's approach to implementing MiFID Article 21 and the draft proposals for implementation will a