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ESMA Q&A 1065 — Q&A — Best Execution [Answer Published]
Financial servicesLevel 3Q&AMiFID IIAnsweredOfficial source
Best Execution
Question
What information should execution venues and investment firms report in the template fields of RTS 27 and 28, if the required content is not applicable to their activities?
Answer
[ESMA35-43-349 Investor protection Best execution Q&A22]
As part of their respective reporting obligations related to the quality of execution, execution venues (RTS 27) and investment firms (RTS 28) should insert a ‘N/A’ (i.e. ‘not applicable’) reference in template fields which are not applicable to their activities.
For example, according to the relevant RTS 27 template, execution venues should insert ‘N/A’ in the respective field (e.g. in the field referring to ‘scheduled auctions’), if the required content is not applicable to the activities of the execution venue.
Source: ESMA original document