Pillar 2015, 2016, 2017
Information on the top five execution venues and brokers
In accordance with the Investment Services and Activities and Regulated Markets Law of 2017 L.87(I)/2017, as subsequently amended or replaced from time to time (“the Law”), ZEMBLANCO INVESTMENTS LTD (“the Company”) is required to take all sufficient steps to act in the best interest of its Clients when receiving and transmitting Client Orders for execution and when executing client orders to achieve best execution results and to comply, in particular, with the principles set out in the Law when providing investment services. The Company has obligations under MiFID II and specifically under Commission Delegated Regulation 2017/576 (RTS 28) with respect to the publication of the annual Execution Quality Summary Statement (EQSS) which you should release to the public (via website) by the end of April 2018.
The Company is required to make public on an annual basis, for each class of financial instruments, the top five execution venues in terms of trading volumes where it executed client orders in the preceding year and information on the quality of execution obtained. Similar information will be reported with respect to the top five investment firms (e.g. brokers) where the Company transmitted or placed client orders for execution in the preceding year.
RTS 27 Q1 2018
Directive 2014/65/EU of the European Parliament on markets in financial instruments and Regulation (EU) 2017/575 supplementing Directive 2014/65/EU set regulatory technical standards concerning the data to be published by execution venues on the quality of execution of financial instruments.
In order to provide both the public and investment firms with relevant data on execution quality to help them determine the best way to execute client orders and in order to fully assess the extent of the quality of execution of transactions that take place in the European Union, it is appropriate that execution venues which may be selected by investment firms to execute client orders have to comply with requirements on data to be provided by execution venues in accordance with Regulation 2017/575. To this effect, these execution venues should include regulated markets, multilateral trading facilities, organized trading facilities, systematic internalisers, market makers and other liquidity providers.
Zemblanco Investments Ltd during the Q1 of 2018 has acted as execution venue for particular amount of its clients orders traded OTC, hence in order to comply with abovementioned Directive and Regulation, the Company publishes a quarterly report that contains data of the execution quality (i.e. details about price, costs and likelihood of execution for every individual financial instrument offered) based on the relevant regulatory requirements.