Comment on Amendments to MiFID II Requirements

GBIC critically comments on ESMA's proposed amendments to the revision of MiFID II requirements on Best Execution Reports (RTS 27 / RTS 28). GBIC continues to be in favor of a general abolition of both reporting requirements. The data to be published by execution venues (RTS 27) and investment service providers (RTS 28) do not offer any informative added value for clients and are accessed in negligible numbers.