MiFID II – Best Execution - HSBC Global Private Banking

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)

Financial regulations

The information on this site refers to services or products which are not available in certain locations, or which, in any relevant location, may have components, methods, structures and terms different from the ones described, as well as restrictions on client eligibility. Please contact a Relationship Manager for details of services and products that may be available to you.

The use of the label ‘HSBC Private Bank’, ‘HSBC Private Banking’, ‘we’, or ‘us’ refers to HSBC’s worldwide private banking business, and is not indicative of any legal entity or relationship.

This information is entirely qualified by reference to the terms and conditions of the specific service, if any, provided by the relevant HSBC company.

Nothing here is to be deemed an offer, solicitation, endorsement, or recommendation to buy or sell any general or specific product, service or security and should not be considered to constitute investment advice.

Please note that HSBC Private Banking does not provide Legal and Tax Advice.

Before proceeding, please refer to the full Disclaimer and the Terms and Conditions.

MIFID II - Best Execution

The reports

The reports

Financial regulations

Legal information

Connect with us