Finance and regulatory duties · France / Switzerland
Disputed securities order: reconstruct execution
France and Switzerland require a contested securities order to be examined from its actual instruction and execution records. Identify instrument, direction, quantity, limit, validity, timestamps and fees. Partial fills can belong to one order. Arithmetic reconciliation does not establish best execution or liability, and this dossier is separate from tax treatment or investment suitability advice.
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France: why retain order time and validity ?
They connect instruction and fills. Preserve timezone and record source.
Read the referencesYour question concerns “Disputed securities order: reconstruct execution”. Which document should we examine, and does your matter concern France or Switzerland?
3 free questions at signup. Avoid names and sensitive information.
France: which securities instruction should be preserved ?
Keep exact order, instrument and reference rather than a global statement alone.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31
France: why retain order time and validity ?
They connect instruction and fills. Preserve timezone and record source.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31
Which official provision helps explain this situation?
Keep exact order, instrument and reference rather than a global statement alone.
France: what does the weighted execution price show ?
It weights prices by filled quantities, without proving best execution.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31
France: is a partial fill automatically provider fault ?
No. Instruction, conditions and facts need examination.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31
How can you connect the facts and records in your file?
Complete the file references. The initial values illustrate a fictional case; they are not observed product results.
Fictional example · Order, execution and fee register
- Instrument
- Security A
- Direction
- Buy
- Quantity
- 10
- Limit
- 20
- Register lines
- 2026-11-02T10:00Z|2|10.01|0.20 2026-11-02T10:02Z|3|20.02|0.30
- Single currency
- EUR
- Filled quantity
- 5
- Remaining quantity
- 5
- Weighted average price
- 16.016
- Gross execution amount
- 80.08
- Entered fees
- 0.5
| Timestamp and timezone | Quantity | Unit price | Entered fees |
|---|---|---|---|
| 2026-11-02T10:00Z | 2 | 10.01 | 0.20 |
| 2026-11-02T10:02Z | 3 | 20.02 | 0.30 |
This worksheet organises records; it does not establish admissibility, entitlement or a procedural outcome.
Switzerland: which fill records belong with the order ?
Retain quantity, price, timestamp and reference for each execution.
Switzerland: how should fees be compared ?
Keep each charge and supporting record separate from unit price.
Switzerland: what supports an explanation request ?
Connect order, acknowledgements, trade confirmations and calculations with the actual reply.
Which elements belong together before the next step?
| Preparation question | Point to verify |
|---|---|
| France: which securities instruction should be preserved ? | Keep exact order, instrument and reference rather than a global statement alone. |
| France: why retain order time and validity ? | They connect instruction and fills. Preserve timezone and record source. |
| France: what does the weighted execution price show ? | It weights prices by filled quantities, without proving best execution. |
| France: is a partial fill automatically provider fault ? | No. Instruction, conditions and facts need examination. |
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31lsfinosfin
Switzerland: does the register determine a complaint deadline ?
No. It reconciles evidence without deciding individual timing, liability or compensation.
What other questions arise in this file?
France: why retain order time and validity ?
They connect instruction and fills. Preserve timezone and record source.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31lsfinosfin
France: is a partial fill automatically provider fault ?
No. Instruction, conditions and facts need examination.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31lsfinosfin
Switzerland: how should fees be compared ?
Keep each charge and supporting record separate from unit price.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31lsfinosfin
Switzerland: does the register determine a complaint deadline ?
No. It reconciles evidence without deciding individual timing, liability or compensation.
cmf : art. L533-18-2La_bonne_execution_de_votre_ordre_de_bourse.pdf2026 10 31lsfinosfin
Which official references should you consult?
- cmf : art. L533-18-2legifrance.gouv.fr
- La_bonne_execution_de_votre_ordre_de_bourse.pdfamf-france.org
- 2026 10 31legifrance.gouv.fr
- lsfinfedlex.admin.ch
- osfinfedlex.admin.ch
Texts cited last checked: 2 November 2026