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The information provided by the {{fcaprov|firm}} about its services and the terms of any agreement between the client and the investment firm will also be relevant, but not determinative of the question. '''The use of standard term agreements to characterise commercial relationships otherwise than in accordance with economic reality should be avoided'''. | The information provided by the {{fcaprov|firm}} about its services and the terms of any agreement between the client and the investment firm will also be relevant, but not determinative of the question. '''The use of standard term agreements to characterise commercial relationships otherwise than in accordance with economic reality should be avoided'''. | ||
}} | }} | ||
===Consent=== | |||
The requirement for client prior consent arises in two places: | |||
*The client is required to provide its "prior consent" to the firm's best execution policy. | |||
*The client is required to provide its "prior express consent" to the firm handling its orders outside a regulated market or MTF. | |||
These two standards are officially different: | |||
[[image:prior_express_consent.jpg]] | |||
===See Also=== | ===See Also=== | ||