Silk Invest Best Execution Policy
Silk Invest Limited (SIL) takes all reasonable steps as part of its fiduciary duty to seek to obtain, when executing orders on investment decisions to deal, the best possible result taking into account the criteria and factors set out in this policy.
In addition, Silk Invest complies with Article 21 of the Markets in Financial Instruments Directive (“MiFID”) and Chapter 11 of the Financial Conduct Authority's (FCA) Conduct of Business Sourcebook (COBS 11) which require all Investment firms to establish and implement a best execution policy providing information about the steps they take to obtain the best possible result when executing orders.
Pursuant to these rules, Silk Invest has put together the necessary procedures to comply with the obligation to act in accordance with the best interests of its clients when placing orders with other entities for execution that result from SIL’s investment decisions. Silk Invest may refer to its obligation to obtain the best possible result for clients hereafter, as ‘best execution’.
Silk Invest is committing to execute dealing decisions in a prompt, fair and expeditious manner, relative to other orders or the trading interest of SIL. SIL is also required to comply with certain requirements in respect of the aggregation and allocation of orders. Infringements of this policy will result in a regulatory breach and may result in disciplinary action. This policy applies to dealing for all investment funds managed by Silk Invest.
This policy summaries SIL’s process for order handling and taking all reasonable steps when carrying out order executions to obtain the best possible result for its portfolios, including the following information: SIL approach to order execution; the execution venues that SIL generally intends to use to enable it to obtain on a consistent basis the best possible result for the execution of orders; an explanation of the procedures adopted by SIL to monitor its execution arrangements and this execution policy; and 4 SILs approach to order handling This policy applies to members of the investment teams, trading teams and investment committees.
