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| Note that the provisions of COBS 11.6 are currently under thematic review by the {{tag|FCA}}. See in particular the FCA's [http://www.fca.org.uk/news/cp13-17-use-of-dealing-commission Consultation on the Use of Dealing Commission] (CP13/17) dated November 2013, for which submissions close in February 2014 and which is expected to be implemented in the Spring of 2014. | | Note that the provisions of COBS 11.6 are currently under thematic review by the {{tag|FCA}}. See in particular the FCA's [http://www.fca.org.uk/news/cp13-17-use-of-dealing-commission Consultation on the Use of Dealing Commission] (CP13/17) dated November 2013, for which submissions close in February 2014 and which is expected to be implemented in the Spring of 2014. |
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| ===[[Best Execution]]===
| | {{TOC|COBS|11.2}} |
| Note that courtesy of {{cobsprov|1 Annex 1}} best execution obligations are not owed to an {{fcaprov|eligible counterparty}}, but only to a {{fcaprov|professional client}} or a {{fcaprov|retail client}}.
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| ====Application of best execution obligation====
| | {{TOC|COBS|11.6}} |
| * As to {{fcaprov|eligible counterparties}}, see {{cobsprov|1 Annex 1}}
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| *{{tag|COBS}} {{Cobsprov|11.2.2}}
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| *{{tag|COBS}} {{Cobsprov|11.2.3}}
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| *{{tag|COBS}} {{Cobsprov|11.2.4}}
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| *{{tag|COBS}} {{Cobsprov|11.2.5}}
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| ====Management companies: execution and transmission of orders====
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| ====Client consent to execution policy and execution of orders outside a {{fcaprov|regulated market}} or {{fcaprov|MTF}}====
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| *{{tag|COBS}} {{Cobsprov|11.2.25}}: consent to best execution policy generally <br>
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| *{{tag|COBS}} {{Cobsprov|11.2.26}}: permission to execute outside a [[regulated market]] or [[MTF]] <br>
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| ===Use of Dealing Commission===
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| *{{tag|COBS}} {{Cobsprov|11.6.1}} <br>
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| {{Cobsprov|11.6.2}} <br>
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| {{Cobsprov|11.6.3}} <br>
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| {{Cobsprov|11.6.4}} <br>
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| {{Cobsprov|11.6.5}} <br>
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| {{Cobsprov|11.6.6}} <br>
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| {{Cobsprov|11.6.7}} <br>
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| {{Cobsprov|11.6.8}}G - examples of goods and services that are not exempt and cannot be paid for from dealing commissions <br>
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| {{cobsanatomy}} | | {{cobsanatomy}} |