Template:Inducements under cobs and perg: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "===Inducements under COBS vs inducements under PERG=== The FCA seems to use the word inducement in quite different ways, depending on which bit of the handbook it is think..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
=== | ===“Inducements” under [[COBS]] vs “inducements” under [[PERG]]=== | ||
The [[FCA]] seems to use the word inducement in quite different ways, depending on which bit of the handbook it is thinking about. Under the COBS “Rule on Inducements”, an inducement is clearly some sort of consideration: a benefit, concession, retrocession, or advantage that one gets in return for business. By contrast, in the [[PERG]] rules about (especially as regards “inducements to enter into [[financial promotion]]s” the regulator seems to be regarded much more loosely as not much more than a synonym for “invitation” — no quid pro quo, [[consideration]] or (cough) ''inducement'' seems to be needed — which is odd, because it is used together with the actual word “invitation”. | The [[FCA]] seems to use the word inducement in quite different ways, depending on which bit of the handbook it is thinking about. Under the COBS “Rule on Inducements”, an inducement is clearly some sort of consideration: a benefit, concession, retrocession, or advantage that one gets in return for business. By contrast, in the [[PERG]] rules about (especially as regards “inducements to enter into [[financial promotion]]s” the regulator seems to be regarded much more loosely as not much more than a synonym for “invitation” — no quid pro quo, [[consideration]] or (cough) ''inducement'' seems to be needed — which is odd, because it is used together with the actual word “invitation”. | ||
Revision as of 11:27, 22 February 2023
“Inducements” under COBS vs “inducements” under PERG
The FCA seems to use the word inducement in quite different ways, depending on which bit of the handbook it is thinking about. Under the COBS “Rule on Inducements”, an inducement is clearly some sort of consideration: a benefit, concession, retrocession, or advantage that one gets in return for business. By contrast, in the PERG rules about (especially as regards “inducements to enter into financial promotions” the regulator seems to be regarded much more loosely as not much more than a synonym for “invitation” — no quid pro quo, consideration or (cough) inducement seems to be needed — which is odd, because it is used together with the actual word “invitation”.