RBCCM Europe Best Execution Reports (RTS 27 and RTS 28)

These reports have been prepared by RBC Capital Markets ("RBC") for compliance purposes in respect of Commission Delegated Regulation (EU) 2017/575 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards concerning the data to be published by execution venues on the quality of execution of transactions (the “Reports”).

The Reports (i) are intended for your information only, (ii) are supplied in good faith, and (iii) are based on information which we  believe, but do not guarantee, to be accurate or complete. RBC makes no representation or warranty, express or implied, with respect to the Reports and, to the fullest extent permissible by law, shall have no liability whatsoever to you or any other person or party for any loss or damage, direct or indirect, arising from any use of the Reports. RBC reserve the right to correct or amend the Reports at any time without notice should we believe that the content is inaccurate or misleading for any reason.

RBC Capital Markets is a business name used by certain business units of Royal Bank of Canada including RBC Europe Limited and the London branch of Royal Bank of Canada.  The entities comprising RBC Capital Markets are wholly owned subsidiaries of Royal Bank of Canada and are members of the RBC Financial Group. RBC Europe Limited is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority (“FCA”) and the PRA, and the London branch of Royal Bank of Canada is authorized and regulated by the Office of the Superintendent of Financial Institutions of Canada, authorized by the PRA and subject to regulation by the FCA and limited regulation by the PRA.