Prompted by changes in the way financial markets operate, the European Commission has introduced the Markets in Financial Instruments Directive (MiFID), as part of its Financial Services Action Plan (FSAP) in order to create a level playing field in the European Economic Area (EEA) from 1 November 2007.
The MiFID II reform means that organised trading of financial instruments must shift to multilateral and regulated trading platforms or be subject to transparency requirements where traded over-the-counter (OTC). Strict transparency rules will ensure that dark trading of shares and other equity instruments which undermine efficient and fair price formation will no longer be allowed. The implementation date was 3 January 2018.
RTS 27 and RTS 28
The reports required under MiFID II on execution quality (RTS 27) and on execution venue selection (RTS 28) for HSBC Bank Plc will be available on this web page in accordance with the timetable prescribed by ESMA.
| Reports | Reporting Period | Expected Date | Link (when available) |
|---|---|---|---|
| RTS 28 | 2017 | 30 April, 2018 | RTS 28 2017 Reports |
| RTS 27 | 2018 Q1 | 29 June, 2018 | RTS 27 2018 Q1 Reports |
| RTS 27 | 2018 Q2 | 28 Sept, 2018 | RTS 27 2018 Q2 Reports |
| RTS 27 | 2018 Q3 | 31 Dec, 2018 | RTS 27 2018 Q3 Reports |
| RTS 27 | 2018 Q4 | 29 Mar, 2019 | RTS 27 2018 Q4 Reports |
| RTS 28 | 2018 | 30 April, 2019 | RTS 28 2018 Reports |
| RTS 27 | 2019 Q1 | 28 June, 2019 | RTS 27 2019 Q1 Reports |
| RTS 27 | 2019 Q2 | 30 Sept, 2019 | RTS 27 2019 Q2 Reports |
| RTS 27 | 2019 Q3 | 31 Dec, 2019 | RTS 27 2019 Q3 Reports |
| RTS 27 | 2019 Q4 | 31 Mar, 2020 | RTS 27 2019 Q4 Reports |
| RTS 27 | 2020 Q1 | 30 June, 2020 | RTS 27 2020 Q1 Reports |
| RTS 27 | 2020 Q2 | 30 Sept, 2020 | RTS 27 2020 Q2 Reports |
| RTS 27 | 2020 Q3 | 31 Dec, 2020 | RTS 27 2020 Q3 Reports |
| RTS 27 | 2020 Q4 | 31 Mar, 2021 | RTS 27 2020 Q4 Reports |
| RTS 28 | 2020 | 30 April, 2021 | RTS 28 2020 Reports |
| RTS 28 | 2021 | 30 April, 2022 | RTS 28 2021 Reports |