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Rule on Inducements - COBS Provision: Difference between revisions
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In a nutshell: | In a nutshell: | ||
{{box| | {{box| | ||
{{fcaprov|2.3.1}} A {{fcaprov|firm}} must not pay | {{fcaprov|2.3.1}} A {{fcaprov|firm}} must not pay/accept any fee or give/receive any other benefit in relation to business carried on for a {{fcaprov|client}} other than: | ||
:(1) '''Client Fees''': a fee paid to or by the client; or | :(1) '''Client Fees''': a fee paid to or by the client; or | ||
:(2) '''Third Party Fees''': a fee paid or provided to or by a third party if: | :(2) '''Third Party Fees''': a fee paid or provided to or by a third party if: | ||