EC draft rejects single source data model for TCA
Under the proposed RTS for the EU’s Priips, financial firms will not be able to use a single source of data to compile transaction cost analysis
Financial firms will have to expand the number of counterparties they use to obtain pricing data when executing transaction cost analysis (TCA), according to a new rule proposed by the European Commission last week.
Under the proposed regulatory technical standard (RTS) for the European Union’s packaged retail and insurance-based investment products (Priips) regulation, the arrival price – the price of a purchased instrument when transmitted to another person for execution – cannot be
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