Article 321-112 into force since 03 January 2018

Asset management companies shall supervise the effectiveness of their arrangements for order execution and their policy on this matter in order to detect any deficiencies and to remedy them as appropriate.

In particular, they shall periodically verify whether the execution systems stipulated under their order execution policies obtain the best possible result for the UCITS or whether they need to modify their execution arrangements.

Asset management companies shall notify holders of shares or units in the UCITS of any material changes in their order execution arrangements or policies.