INMA 9B.1.6 Dealing and managing — timely execution

(1) If an INMA firm agrees, or decides in the exercise of its discretion, to execute a transaction for an existing customer order in relation to a relevant investment, it must execute the order as soon as practical.
(2) However, subrule (1) does not apply if the INMA firm has taken reasonable steps to ensure that postponing the execution of the transaction for the order is in the best interests of the customer.

Guidance for rule 9B.1.6 (2)

Factors relevant to whether the postponement of an existing customer order may be in the best interests of the customer include the following:
(a) whether the customer order is received outside of normal trading hours;
(b) whether a foreseeable improvement in the level of liquidity in the relevant investment is likely to enhance the terms on which the INMA firm executes the transaction for the customer order;
(c) whether executing the transaction for the customer order as a series of partial transactions over a period of time is likely to improve the terms on which the transaction as a whole is executed.
Inserted by QFCRA RM/2019-4 (as from 1st January 2020).