Telephone: 0151 236 8200

Regulatory Items

Pillar 3

Blankstone Sington Limited (the Company) is incorporated in the UK and is authorised and regulated by the Financial Conduct Authority (FCA).  As such, the Company has to comply with the General Prudential Sourcebook (GENPRU) and the Prudential Sourcebook for Investment Firms (IFPRU) as well as the EU Capital Requirements Regulation (CRR).

The Pillar 3 rules in the CRR set out the need for firms to publish certain details of their risks, capital and risk management in order to improve transparency and market discipline.

The disclosures will be updated each year after completion of the annual audit and approval of the audited financial statements.  The company year end is 31 May.  The current information is set out in the Pillar 3 PDF located in the documents folder.

RTS 28

The European Securities and Markets Authority (ESMA) requires investment firms to publish, on an annual basis, information on the identity of execution venues and the quality of execution obtained.  This reporting requirement falls under MiFID II (Markets in Financial Instruments Directive) which is a European Union law that aims to standardise regulation for investment services across all member states of the European Economic Area.

Under MiFID II there are a number of Regulatory Technical Standards (RTS) which investment firms are required to implement.  RTS 28 outlines the requirements designed to increase transparency related to executing client orders on trading venues – including systematic internalisers, market makers or other liquidity providers – intended to improve investor protection.

To adhere to RTS 28, investment firms that execute client orders are required to summarise and publish the top five execution venues in terms of trading volumes where they executed client orders in the preceding year, as well as information on the quality of execution obtained.

Our RTS 28 analysis for the period 1 January to 31 December 2017 is available using this link.