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MIFID II - Best Execution

HSBC Global Private Banking is committed to taking all sufficient steps to obtain the best possible result for our clients when executing orders on their behalf.

The MiFID II regulation requires that investment firms, as part of their best execution obligations, publish reports annually relating to their top five execution venues and brokers for trading volumes in respect of the preceding year. This will give greater clarity and transparency on the quality of execution obtained across different financial instruments. Accordingly from April 2018, we will disclose our order routing practices for client orders across each class of financial instrument as part of these new Regulatory Technical Standards (RTS 28). This will cover instances where we execute client orders ourselves or transmit client orders to other parties, including those parties within HSBC Group.

Best Execution applies to orders from both Retail and Professional clients (as defined by MiFID II). However, it is our approach within Private Banking to treat all clients as Retail for best execution.

The reports

The documents required under MiFID II on execution venue selection (RTS 28) will be available on this web page in accordance with the timetable given by the European Securities and Markets Authority (ESMA). As noted above these reports will include an analysis on the top five execution venues for each class of financial instrument and the quality of execution obtained.
Reporting period Entity
 Reports
 Link 
2021 HSBC Private Bank (Luxembourg) S.A. RTS 28 - All Asset Classes PDF (244KB)
2020 HSBC UK Bank plc RTS 28 - Swaps, Forwards & Other Currency Derivatives PDF (20KB)
2020 HSBC UK Bank plc RTS 28 - Bonds PDF (18KB)
2020 HSBC UK Bank plc RTS 28 - Money Markets Instruments PDF (18KB)
2020 HSBC UK Bank plc RTS 28 - ETFs PDF (18KB)
2020 HSBC UK Bank plc RTS 28 - Other Instruments PDF (19KB)
2020 HSBC UK Bank plc RTS 28 - Shares & Depository Receipts PDF (18KB)
2020 HSBC UK Bank plc RTS 28 - Structured Finance Instruments PDF (18KB)
2020 HSBC Private Bank (Luxembourg) S.A. RTS 28 - All Asset Classes PDF (330KB)
2019 HSBC UK Bank plc RTS 28 - Swaps, Forwards & Other Currency Derivatives PDF (84KB)
2019 HSBC UK Bank plc RTS 28 - Bonds PDF (128KB)
2019 HSBC UK Bank plc RTS 28 - Money Markets Instruments PDF (130KB)
2019 HSBC UK Bank plc RTS 28 - ETFs PDF (78KB)
2019 HSBC UK Bank plc RTS 28 - Other Instruments PDF (79KB)
2019 HSBC UK Bank plc RTS 28 - Shares & Depository Receipts PDF (129KB)
2019 HSBC UK Bank plc RTS 28 - Structured Finance Instruments PDF (79KB)
2019 HSBC Private Bank (Luxembourg) S.A.
 RTS 28 - All Asset Classes
 PDF (224KB)
2018 HSBC UK Bank plc RTS 28 - Swaps, Forwards & Other Currency Derivatives
 PDF (80KB)
2018
 HSBC UK Bank plc
 RTS 28 - Bonds
 PDF (129KB)
2018
 HSBC UK Bank plc

 RTS 28 - Money Markets Instruments
 PDF (129KB)
2018
 HSBC UK Bank plc

 RTS 28 - ETFs

 PDF (79KB)
2018
 HSBC UK Bank plc

 RTS 28 - Other Instruments
 PDF (80KB)
2018
 HSBC UK Bank plc RTS 28 - Shares & Depository Receipts
 PDF (130KB)
2018
 HSBC UK Bank plc
 RTS 28 - Structured Finance Instruments
 PDF (79KB)
2018
 HSBC Private Bank (Luxembourg) S.A.
 RTS28 – All Asset Classes
 PDF (400KB)
2017
 HSBC UK Bank plc
 RTS 28 - Swaps, Forwards & Other Currency Derivatives
 PDF (26KB)
2017
 HSBC Private Bank (Luxembourg) S.A.
 RTS 28 - All Asset Classes

 PDF (268KB)

The reports

The documents required under MiFID II on execution venue selection (RTS 28) will be available on this web page in accordance with the timetable given by the European Securities and Markets Authority (ESMA). As noted above these reports will include an analysis on the top five execution venues for each class of financial instrument and the quality of execution obtained.
Reporting period 2021
Entity
 HSBC Private Bank (Luxembourg) S.A.
Reports
 RTS 28 - All Asset Classes
Link  PDF (244KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Swaps, Forwards & Other Currency Derivatives
Link  PDF (20KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Bonds
Link  PDF (18KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Money Markets Instruments
Link  PDF (18KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - ETFs
Link  PDF (18KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Other Instruments
Link  PDF (19KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Shares & Depository Receipts
Link  PDF (18KB)
Reporting period 2020
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Structured Finance Instruments
Link  PDF (18KB)
Reporting period 2020
Entity
 HSBC Private Bank (Luxembourg) S.A.
Reports
 RTS 28 - All Asset Classes
Link  PDF (330KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Swaps, Forwards & Other Currency Derivatives
Link  PDF (84KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Bonds
Link  PDF (128KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Money Markets Instruments
Link  PDF (130KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - ETFs
Link  PDF (78KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Other Instruments
Link  PDF (79KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Shares & Depository Receipts
Link  PDF (129KB)
Reporting period 2019
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Structured Finance Instruments
Link  PDF (79KB)
Reporting period 2019
Entity
 HSBC Private Bank (Luxembourg) S.A.
Reports
 RTS 28 - All Asset Classes
Link  PDF (224KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Swaps, Forwards & Other Currency Derivatives
Link  PDF (80KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Bonds
Link  PDF (129KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Money Markets Instruments
Link  PDF (129KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - ETFs
Link  PDF (79KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Other Instruments
Link  PDF (80KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Shares & Depository Receipts
Link  PDF (130KB)
Reporting period 2018
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Structured Finance Instruments
Link  PDF (79KB)
Reporting period 2018
Entity
 HSBC Private Bank (Luxembourg) S.A.
Reports
 RTS28 – All Asset Classes
Link  PDF (400KB)
Reporting period 2017
Entity
 HSBC UK Bank plc
Reports
 RTS 28 - Swaps, Forwards & Other Currency Derivatives
Link  PDF (26KB)
Reporting period 2017
Entity
 HSBC Private Bank (Luxembourg) S.A.
Reports
 RTS 28 - All Asset Classes
Link  PDF (268KB)

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