Best Execution
Under Best Execution
Best Execution rules require investment firms to take all sufficient steps to obtain the best possible result for their clients when executing orders in financial instruments, whilst taking into account all relevant execution factors.
Further information can be found in ‘Our approach to Best Execution’.
Best Execution reporting requirements in the UK
In the UK, the FCA revoked this requirement to publish Quarterly (RTS 27) and Annual (RTS 28) best execution reports on 1st December 2021. Bank of Scotland no longer publish these reports. Reports previously published are available on the Bank of Scotland website below.
If you have any queries regarding Best Execution Reporting, please contact CB.ClientClassificationTeam@LloydsBanking.com
From 1st January 2021, MiFID II means UK Markets in Financial Instruments Directive II as it forms part of “retained EU law” pursuant to the European Union (Withdrawal) Act 2018 (as amended from time to time).
If you have any questions regarding Best Execution please contact CB.MiFIDIIHelpdesk@lloydsbanking.com
Quarterly Reports
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Q1
BankOfScotlandPlc_RTS27_Table1_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table2_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table3_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table4_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table5_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table6_2020_Q1.csv
BankOfScotlandPlc_RTS27_Table9_2020_Q1.csvQ2
BankOfScotlandPlc_RTS27_Table1_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table2_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table3_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table4_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table5_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table6_2020_Q2.csv
BankOfScotlandPlc_RTS27_Table9_2020_Q2.csvQ3
BankOfScotlandPlc_RTS27_Table1_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table2_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table3_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table4_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table5_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table6_2020_Q3.csv
BankOfScotlandPlc_RTS27_Table9_2020_Q3.csvQ4
BankOfScotlandPlc_RTS27_Table1_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table2_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table3_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table4_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table5_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table6_2020_Q4.csv
BankOfScotlandPlc_RTS27_Table9_2020_Q4.csv
Investment firms to summarise and publish on an annual basis for each class of financial instruments the top 5 execution venues in terms of trading volumes where the firm executed client orders in the preceding year and also provide information on the quality of execution that was obtained in the previous year. This is represented by the following tables:
Download the annual reports here:
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Retail classified clients
BankofScotlandPlc_RTS28_InterestRateDerivatives_Retail_2020.csv
BankofScotlandPlc_RTS28_CurrencyDerivatives_Retail_2020.csvProfessional classified clients
BankofScotlandPlc_RTS28_InterestRateDerivatives_Professional_2020.csv
BankofScotlandPlc_RTS28_CurrencyDerivatives_Professional_2020.csvQualitative Report
This report has been prepared for information purposes only. It should not be regarded as a marketing communication, and it is not intended to be investment research. Please note that Bank of Scotland is not acting as your advisor or fiduciary in any respect whatsoever in connection with the information provided.
The material contained in this report has been prepared on the basis of Bank of Scotland’s interpretation of the regulatory obligations and whilst Bank of Scotland has exercised reasonable care in its preparation, no representation or warranty, as to the accuracy, reliability or completeness of the information, express or implied, is given. Where information is based on assumptions or models, Bank of Scotland expressly disclaims any responsibility for the accuracy or completeness of the assumptions, models, inputs or estimates used. All such information, and any assumptions or data on which it is based is subject to change without notice.