Template:Nutshell COBS 2.3.1

2.3.1 A firm must not give or receive any money or benefit (benefit) relating to client business other than:

(1) Client Benefits: one provided to or by the client; or

(2) Third Party Benefits: one provided to or by a third party if:

(a) No impairment: it does not impair the firm's duty to act in the client’s best interests; and

(b) Full disclosure: it is fully disclosed to the client before providing the service; and

(c) Service enhancement: it is designed to enhance the quality of the service to the client; or

(3) Ancillary Benefits: one which facilitates designated investment business or ancillary services,and doesn't create a conflict with the client's interests (eg custody, clearing or exchange fees, legal fees, regulatory levies etc)