Guidance on Notice SFA04-N16 on the requirements relating to the execution of customers’ orders.
Notice SFA 04-N16 on Execution of Customer's Orders
Requirements on execution of customers’ orders.
This notice applies to
- Capital markets services (CMS) licensees; and
- Banks, merchant banks and finance companies
which conduct the regulated activities of dealing in capital markets products, fund management or real estate investment trust management under the SFA.
It sets out requirements for these financial institutions to have policies and procedures to place and execute customers’ orders on the best available terms (also known as “Best Execution”) to support fair outcomes for customers.
There are no amendment notes for this notice.