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+Article 64 1. |
Article 64 1.When executing client orders, investment firms shall take into account the following criteria for determining the relative importance of the factors referred to in Article 27(1) of Directive 2014/65/EU:
(a)
the characteristics of the client including the categorisation of the client as retail or professional;
(b)
the characteristics of the client order, including where the order involves a securities financing transaction (SFT);
(c)
the characteristics of financial instruments that are the subject of that order;
(d)
the characteristics of the execution venues to which that order can be directed. For the purposes of this Article and Articles 65 and 66, ‘execution venue’ includes a regulated market, an MTF, an OTF, a systematic internaliser, or a market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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