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Amwelladmin (talk | contribs) m (Amwelladmin moved page Use of Dealing Commissions - COBS Provision to Use of dealing commissions - COBS Provision) |
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Compare with the general {{cobsprov|rule on inducements}} which, some might say, are the general proposition from which these detailed provisions may be derived, but others would say are not quite so prescriptive. The rules as to the {{cobsprov|use of dealing commissions}} relate only to {{cobsprov|firm}}s who act as {{cobsprov|investment manager}}s: potentially a key difference from the general {{cobsprov|rule on inducements}}, because it would not catch a [[broker]] or [[dealer]] accepting orders from anyone who was not an FCA regulated {{cobsprov|investment manager}} (i.e., a foreigner or a direct client). | |||
To be clear, in this case the general {{cobsprov|rule on inducements}} would continue to apply to the [[broker]]: just not the more detailed {{cobsprov|use of dealing commissions}} rules. | |||
{{TOC|COBS|11.6}} | {{TOC|COBS|11.6}} | ||
{{cobsanatomy}} | {{cobsanatomy}} |