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“Algorithmic trading” means trading in financial instruments where a computer algorithm automatically determines one or more individual parameters of orders such as whether to initiate the order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention.
An automated order routing system is not considered an algorithmic trading system if it only determines the trading venue or trading venues to which the order is to be sent, without changing any other parameter of the order. However, a “smart order routing system” which, additionally to routing orders to trading venues, offers automated management of the order is considered an algorithmic trading system.
A computer algorithm which only draws human traders’ attention to trading opportunities or only generates investment advice does not qualify as an algorithmic trading system.

obtain the best possible result for clients when executing orders, considering factors such as price, costs, speed, likelihood of execution, and settlement

The EU Foreign Subsidies Regulation (FSR) aims to address potential market distortions caused by subsidies from outside the EU, introducing new European Commission reporting obligations for private equity firms. The European Commission is the sole enforcer of the FSR.
The main legislative texts are Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (Foreign Subsidies Regulation) and the Implementing Regulation (EU) 2023/1441.

Investment decision-making involves assessing the potential risks and returns of an investment opportunity and making a decision to invest or not to invest. It involves considering factors such as investment objectives, risk tolerance, and financial resources to make informed investment decisions.

preparedness and management of market outages to ensure market resilience and investor confidence; good practices cover five key areas applicable to market outages caused by different types of root causes: (i) outage plans, (ii) communication plans; (iii) reopening of trading; (iv) closing auctions / closing prices; (v) post-outage plans

return calculation, performance attribution, benchmarking

financial statement disclosures, investor reporting requirements

seeks to minimise, but cannot completely eliminate, a fund investor's currency risk; aims to reduce the impact of exchange rate fluctuations between the fund's base currency and the investor's preferred currency of exposure

strategies for exercising voting rights; proxy voting
Unterforen: Exercise of Voting Rights, Shareholder Rights Directive II (SRD II)

The Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (SSR) applies to people undertaking short selling of shares, sovereign debt, sovereign CDS and related instruments that are admitted to trading or traded on an EEA trading venue (unless they are primarily traded on a third country venue).
The SSR requires holders of net short positions in shares or sovereign debt to make notifications once certain thresholds have been breached.

Unterforen: Implementation of a Portfolio Management Procedure, Details on the Staff and IT Systems, Functioning of the Portfolio Management Committee, Use of Investment Advisers