Dealing and managing client orders

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Dealing and managing client orders
  • MiFID II: changes to client order handling requirements
  • Client order handling
  • Aggregation and allocation of client orders
  • Aggregation and allocation of orders for own account
  • Client limit orders
  • Record keeping
  • Client orders and decisions to deal
  • Transactions and order processing
  • Personal account dealing
  • More...

Dealing and managing client orders

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

MiFID II: changes to client order handling requirements

The Markets in Financial Instruments Directive (Directive 2004/39/EC) (MiFID) has been replaced by the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and the Markets in Financial Instruments Regulation (Regulation (EU) 600/2014) (MiFIR) (together the MiFID II framework). Both MiFID II and MiFIR entered into force on 2 July 2014. As amended, the majority of the MiFID II framework has applied since 3 January 2018, and EU Member States had until 3 July 2017 to transpose the provisions of MiFID II into national law. MiFID II contains provisions which amended requirements relating to client order handing requirements under the original MiFID. For more information about the MiFID II requirements, see Practice Note: MiFID II conduct of business and investor protection requirements—Best execution and client order handling.

For more information on the MiFID II framework, see:

Client order handling

This Practice Note explains

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