Rule on Inducements - COBS Provision: Difference between revisions

Jump to navigation Jump to search
No edit summary
No edit summary
Line 1: Line 1:
{{a|cobs|{{subtable|{{nuts|COBS|2.3.1}}}}}}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]] where it accepts orders from an [[investment manager]] who was not an FCA regulated {{cobsprov|firm}} (i.e., a foreigner).  
{{a|cobs|In a {{nutshell}}<br>{{subtable|{{Nutshell COBS 2.3.1}}}}}}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]] where it accepts 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.
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.
Retrieved from "https://jollycontrarian.com/index.php?title=Rule_on_Inducements_-_COBS_Provision"