Regulatory Alerts2018-02-09
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SFC Report on Thematic Review of Best Execution
The Securities and Futures Commission issued this report following a thematic review of 21 licensed corporations to assess their compliance with best execution obligations under the Code of Conduct. The review identified significant deficiencies in governance, policy coverage for non-equity products, staff training, and the systematic monitoring of execution quality across various asset classes. The document outlines expected standards and highlights specific good practices to help firms strengthen their controls, management supervision, and arrangements with third parties to better protect client interests.
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