On December 18, 2013, AMF, the French securities regulator, issued a consultation paper on best execution. The consultation paper relies for the most part on the document entitled "Best Execution under MiFID—Questions & Answers" released in 2007 by the then CESR. It focuses on a number of issues covered by the CESR Q&A such as seeking clients' prior approval to execute orders outside a regulated market or MTF, review and monitoring of the execution policy. In addition, particular focus is placed on best selection requirements applicable to investment firms that transmit or place orders with other entities for execution and factors that may be taken into account in determining the execution policy. Emphasis is finally placed on payment by trading platforms for order flow undisclosed arrangements and CFDs trading. The consultation closed at the end of January 2014, and the AMF should provide its feedback in the near future.