Blue Planet Investment Management Ltd ("BPIM") is an investment firm authorised and regulated by the Financial Conduct Authority.  It has FCA Firm Reference Number 171195 and Company Number SC149822.

Regulatory Technical Standard 28 - Order Execution

The European Securities and Markets Authority (ESMA) requires investment firms to publish, on an annual basis, information on the identity of execution venues and the quality of execution obtained.  This reporting requirement falls under MiFID II (Markets in Financial Instruments Directive) which is a European Union law that aims to standardise regulation for investment services across all member states of the European Economic Area.

Under MiFID II there are a number of Regulatory Technical Standards (RTS) which investment firms are required to implement.  RTS 28 outlines the requirements designed to increase transparency related to executing client orders on trading venues - including systematic internalisers, market makers or other liquidity providers - intended to improve investor protection.

To adhere to RTS 28, BPIM is obliged to publish on its website information on the top-five execution venues/investment firms in terms of trading volumes where it executed/transmitted client orders in the preceding year. BPIM is also obliged to publish a summary of the analysis and conclusions it draws from its detailed monitoring of the quality of execution obtained on the venues where it executed client orders in the previous year.

Click here to view the most recent report with respect to RTS 28.

Click here to view "Part 1" mentioned in the report in PDF format.

Click here to view "Part 1" mentioned in the report in XLS format.