Obligation to make unexecuted client limit orders public - COBS Provision: Difference between revisions
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{{ | {{cobsprov|11.4.1}} | ||
==Scope=== | |||
==== | Yes, it is just shares traded on a regulated exchange or trading venue. Not all financial instruments. | ||
===And “express” instruction means what exactly?=== | |||
Question before the house is what form this "express instruction" needs to take. Can it be deemed, or embedded in unilaterally imposed terms of business prepared by a firm and accepted by conduct by a client placing an order? | Question before the house is what form this "express instruction" needs to take. Can it be deemed, or embedded in unilaterally imposed terms of business prepared by a firm and accepted by conduct by a client placing an order? | ||
Compare COBS {{cobsprov|11.2.26}}, wherein a client's '''prior ''express'' consent''' is considered by one and all to involve actual acknowledgment, and contrast with COBS {{cobsprov|11.2.25}} where a client's '''prior consent''' is not... | Compare COBS {{cobsprov|11.2.26}}, wherein a client's '''prior ''express'' consent''' is considered by one and all to involve actual acknowledgment, and contrast with COBS {{cobsprov|11.2.25}} where a client's '''prior consent''' is not... | ||
{{seealso}} | |||
*[[Prior consent]] | |||
*[[Prior express consent]] | |||
*[[Express prior consent]] | |||
{{cobsanatomy}} | {{cobsanatomy}} | ||
Revision as of 12:07, 11 October 2018
Scope=
Yes, it is just shares traded on a regulated exchange or trading venue. Not all financial instruments.
And “express” instruction means what exactly?
Question before the house is what form this "express instruction" needs to take. Can it be deemed, or embedded in unilaterally imposed terms of business prepared by a firm and accepted by conduct by a client placing an order?
Compare COBS 11.2.26, wherein a client's prior express consent is considered by one and all to involve actual acknowledgment, and contrast with COBS 11.2.25 where a client's prior consent is not...
See also
Conduct of Business
This is an article about the FCA’s conduct of business rules, known by its chapter in the FCA Sourcebook, COBS, which implement, among other things, MiFID (directive 2004/39/EC (EUR Lex) and implementing directive 2006/73/EC (EUR Lex)).