83,240
edits
Rule on Inducements - COBS Provision: Difference between revisions
Rule on Inducements - COBS Provision (view source)
Revision as of 18:35, 25 January 2013
, 25 January 2013no edit summary
Amwelladmin (talk | contribs) (Created page with "{{quote|A firm must not pay or accept any fee or commission, or provide or receive any non-monetary benefit, in relation to designated investment business or, in the case of i...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 9: | Line 9: | ||
::(c) in relation to MiFID or equivalent third country business or when carrying on a regulated activity in relation to a retail investment product,5 the payment of the fee or commission, or the provision of the non-monetary benefit is designed to enhance the quality of the service to the client; or <br> | ::(c) in relation to MiFID or equivalent third country business or when carrying on a regulated activity in relation to a retail investment product,5 the payment of the fee or commission, or the provision of the non-monetary benefit is designed to enhance the quality of the service to the client; or <br> | ||
:(3) proper fees which enable or are necessary for the provision of designated investment business or ancillary services, such as custody costs, settlement and exchange fees, regulatory levies or legal fees, and which, by their nature, cannot give rise to conflicts with the firm's duties to act honestly, fairly and professionally in accordance with the best interests of its clients.}} | :(3) proper fees which enable or are necessary for the provision of designated investment business or ancillary services, such as custody costs, settlement and exchange fees, regulatory levies or legal fees, and which, by their nature, cannot give rise to conflicts with the firm's duties to act honestly, fairly and professionally in accordance with the best interests of its clients.}} | ||
===Commentary=== | |||
see also COBS 11.6.3 et seq. | |||