Information on the revised wording of the Policy for Execution of Orders in Financial Instruments

Please be informed a revised wording of the Policy for Execution of Orders in Financial Instruments (hereinafter – the Policy) will enter into force on 15 August 2016.

The changes to the Policy are as follows:

1. Clause 5.1 contains a clearer description of the order execution priority principles;
2. Section 6 specifies the cases of the order aggregation and split as well as the terms and conditions of their execution; it also defines the principles for the allocation of the order aggregation result to clients;
3. The Annex to the Policy has been supplemented with the execution venues for the orders in exchange traded funds and investment fund units; furthermore, the list of execution venues for the orders in debt securities has been updated.

For the current and revised wording of the Policy, please refer here.