Order Execution Policy

MiFID provided that an investment service provider must implement an 'order execution policy' and, where an order in relation to a financial instrument is executed on behalf of a client, must take all reasonable steps to achieve best execution of that client's order, notably with the implementation of that policy.

As part of the enhanced investor protection framework, MiFID II stipulates that investment firms will need to take all sufficient steps to achieve the best possible result for their clients.