Tuesday 3 July 2012

What is Best Execution?

The requirement of 'Best Execution' is one of the more ambiguous requirements imposed on investment services providers. Essentially, service providers are required to execute transactions on terms most favourable to their clients, but how does one determine this? The question is a complex one and there is no easy answer. In order to shed some light on the issue, we have uploaded a publication on our website www.ccmalta.com. You can find the publication by clicking on this link: Malta best execution requirements. The publication deals with various useful question such as the criteria to be considered when determining best execution and the entities to which the requirement applies.

I hope you find this publication useful. As always, feel free to get in touch if you have questions.

Dr Charles Cassar
Malta Financial Services Lawyer
Chetcuti Cauchi

FinanceMalta 'Insight' Magazine features our Forex article

FinanceMalta's 'Insight' Magazine has featured our article on the growth of the Maltese Forex industry: 'Forex businesses choose Malta as their domicile'. Here's an extract from the full article:

... well-run forex businesses are increasingly concerned with demonstrating and evidencing their reputability, especially in light of recent ESMA warnings against unregulated operations. Malta allows these businesses to obtain a licence in accordance with high European standards, which is bound to be an important boost as clients become increasingly aware of the importance of sound regulation. Secondly, the fact that the business is run in accordance with the European rule book can open up interesting opportunities for cross-border passporting of services, which can lead to significant cost savings.

As a firm we continue to see new engagements and interest in this area on a regular basis, and are confident  that the island can continue growing the sector in the future. Get in touch if you would like to learn more, or visit our dedicated forex page.

Dr Charles Cassar
Financial Services Lawyer
Chetcuti Cauchi, Malta
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