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Template:COBS Section 11.6.3: Difference between revisions
Template:COBS Section 11.6.3 (view source)
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{{cobsprov|11.6.3}} {{cobsprov|Use of dealing commission to purchase goods or services}} | |||
:(1) An {{cobsprov|investment manager}} must not accept goods or services in addition to the execution of its customer orders if it: <br> | :(1) An {{cobsprov|investment manager}} must not accept goods or services in addition to the execution of its customer orders if it: <br> | ||
::(a) executes its customer orders through a [[broker]] or another person; <br> | ::(a) executes its customer orders through a [[broker]] or another person; <br> | ||
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:::(i) are related to the execution of trades on behalf of the {{cobsprov|investment manager}}’s customers; or <br> | :::(i) are related to the execution of trades on behalf of the {{cobsprov|investment manager}}’s customers; or <br> | ||
:::(ii) comprise the provision of research; and <br> | :::(ii) comprise the provision of research; and <br> | ||
::(b) will reasonably assist the {{cobsprov|investment manager}} in the provision of its services to its customers on whose behalf the orders are being executed and do not, and are not likely to, impair compliance with the duty of the {{cobsprov|investment manager}} to act in the best interests of its customers. <br> | ::(b) will reasonably assist the {{cobsprov|investment manager}} in the provision of its services to its customers on whose behalf the orders are being executed and do not, and are not likely to, impair compliance with the duty of the {{cobsprov|investment manager}} to act in the best interests of its customers. <br> | ||