1.   Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall establish and implement procedures and arrangements that provide for the prompt and proper transmission of client orders for execution on a trading platform for crypto-assets or to another crypto-asset service provider.
2.   Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall not receive any remuneration, discount or non-monetary benefit in return for routing orders received from clients to a particular trading platform for crypto-assets or to another crypto-asset service provider.
3.   Crypto-asset service providers receiving and transmitting orders for crypto-assets on behalf of clients shall not misuse information relating to pending client orders, and shall take all reasonable steps to prevent the misuse of such information by any of their employees.
Title V: AUTHORISATION AND OPERATING CONDITIONS FOR CRYPTO-ASSET SERVICE PROVIDERS | Chapter 3
Article 80
Reception and transmission of orders for crypto-assets on behalf of clients
Related Technical Standards & Guidelines
Regulatory Technical Standards (RTS)
- RTSESMAIn force
Reception & Transmission RTS
Specifies requirements for CASPs receiving and transmitting orders for crypto-assets on behalf of clients.
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(86)
Order execution best effort
Summary: Crypto-asset service providers that execute orders for crypto-assets on behalf of clients should draw up an execution policy and should always aim to obtain the best possible result for their clients,...