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Template:Inducements under cobs and perg: Difference between revisions
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Template:Inducements under cobs and perg (view source)
Revision as of 11:27, 22 February 2023
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Amwelladmin (talk | contribs) (Created page with "===Inducements under COBS vs inducements under PERG=== The FCA seems to use the word inducement in quite different ways, depending on which bit of the handbook it is think...") |
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=== | ===“Inducements” under [[COBS]] vs “inducements” under [[PERG]]=== | ||
The [[FCA]] seems to use the word inducement in quite different ways, depending on which bit of the handbook it is thinking about. Under the COBS “Rule on Inducements”, an inducement is clearly some sort of consideration: a benefit, concession, retrocession, or advantage that one gets in return for business. By contrast, in the [[PERG]] rules about (especially as regards “inducements to enter into [[financial promotion]]s” the regulator seems to be regarded much more loosely as not much more than a synonym for “invitation” — no quid pro quo, [[consideration]] or (cough) ''inducement'' seems to be needed — which is odd, because it is used together with the actual word “invitation”. | The [[FCA]] seems to use the word inducement in quite different ways, depending on which bit of the handbook it is thinking about. Under the COBS “Rule on Inducements”, an inducement is clearly some sort of consideration: a benefit, concession, retrocession, or advantage that one gets in return for business. By contrast, in the [[PERG]] rules about (especially as regards “inducements to enter into [[financial promotion]]s” the regulator seems to be regarded much more loosely as not much more than a synonym for “invitation” — no quid pro quo, [[consideration]] or (cough) ''inducement'' seems to be needed — which is odd, because it is used together with the actual word “invitation”. | ||