# Commission Delegated Regulation (EU) 2017/590 of 28 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the reporting of transactions to competent authorities (Text with EEA relevance), Article 3: Meaning of execution of a transaction

Extent: E+W+S+N.I.

1. An investment firm shall be deemed to have executed a transaction within the meaning of Article 2, where it provides any of the following services or performs any of the following activities that result in a transaction:
(a) reception and transmission of orders in relation to one or more financial instruments;
(b) execution of orders on behalf of clients;
(c) dealing on own account;
(d) making an investment decision in accordance with a discretionary mandate given by a client;
(e) transfer of financial instruments to or from accounts.
2. An investment firm shall not be deemed to have executed a transaction where it has transmitted an order in accordance with Article 4.

---
Source: https://www.legislation.gov.uk/eur/2017/590/article/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-590/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.