Client consent to execution policy and execution of orders outside a regulated market or MTF - COBS Provision: Difference between revisions

Client consent to execution policy and execution of orders outside a regulated market or MTF - COBS Provision (view source)

28 bytes added , 31 October 2017

83,552

edits

@@ Line 16: / Line 16: @@
 {{cobssnap|11.2.26}}
-====Consent and Express Consent====
+====[[Prior consent]] and [[prior express consent]]====
 From the "[[Media:CESR Best Execution QA 07_320.pdf|Best Execution under MiFID]]" Q&A document:
 {{quote|'''''Q21 What is the difference between "consent" and "express consent"?'''''<br>
-.1 Where {{tag|MiFID}} requires "prior express consent", CESR considers that this entails '''an actual demonstration of consent by the client which may be provided by signature in writing or an equivalent means''' (electronic signature), by a click on a web page or orally by telephone or in person, with appropriate record keeping in each case. <br>}}
+.1 Where {{tag|MiFID}} requires “[[prior express consent]]”, CESR considers that this entails '''an actual demonstration of consent by the client which may be provided by signature in writing or an equivalent means''' (electronic signature), by a click on a web page or orally by telephone or in person, with appropriate record keeping in each case. <br>}}
 ====Products which don't trade on a {{fcaprov|regulated market}} or {{fcaprov|MTF}}====