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[[File:prior_express_consent.jpg|200px|thumb|right|{{tag|ESMA}} guidance on prior express consent]]
[[File:prior_express_consent.jpg|350px|thumb|right|{{tag|ESMA}} guidance on prior express consent]]
===Consent===
===Consent===
The requirement for client prior consent arises in two places:  
The requirement for client prior consent arises in two places: