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 one that:

(1) Client Benefits: the client pays or receives directly; or

(2) Third Party Benefits: a third party pays or receives 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: 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)