Rule on Inducements - COBS Provision: Difference between revisions

This is the {{tag|FCA}}’s general {{cobsprov|Rule on Inducements}} —and more to the point, avoiding them — and as you’ll see it is cast with an eye to the {{fcaprov|client}}’s best interests. Compare with specific rules on [[Use of dealing commissions - COBS Provision|use of dealing commissions]], which some might say are no more than an articulation of these, but others would say are quite a lot more restrictive, but which relate only to {{cobsprov|firm}}s which act as {{cobsprov|investment manager}}s - potentially a key difference, because it would not catch a [[broker]] or [[dealer]] to the extent it accepted orders from an investment manager who was not an FCA regulated {{cobsprov|firm}} (i.e., a foreigner). To be clear, in this case the general {{cobsprov|rule on inducements}} would continue to apply to the [[broker]]: just not the more detailed {{cobsprov|use of dealing commissions}} rules.

{{nuts|COBS|2.3.1}}

*COBS {{cobsprov|11.6.3}} et seq. regarding ({{cobsprov|Use of dealing commission}}), and also [[corporate access]].

*{{cobsprov|2.3.1}} - the {{cobsprov|Rule on Inducements}}

{{cobsanatomy}}