FCA Compliance: Best Execution Beyond the Tick-Box

Introduction

In an era of ‘sufficient steps’ and Consumer Duty, a static Best Execution policy is a regulatory liability. Firms must now provide proactive, data-led evidence that they are delivering the best possible results across all asset classes and client types.

This live and interactive session looks at the expectations for different client types; issues the regulator has already called out; and suggestions for how you can move beyond the tick-box and deliver an evidential compliance framework.

What You Will Learn

This live and interactive session will cover the following:

• The Regulatory Framework & Foundations
  • Defining Best Execution (COBS 11.2A)
  • The Scope of Legitimate Reliance (Four-fold test)
  • Retail vs Professional
  • Consumer Duty impact
• Common FCA findings and issues
  • Analysis of Recent FCA Reviews
  • Challenges of assets classes and venues (illiquidity)
  • Governance failures
• Strengthening the Framework
  • Monitoring vs. Surveillance
  • Evidencing justifiable venue selection
  • Best Execution Committees
  • Monitoring and iterative improvement

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.