82,891
edits
Use of dealing commissions - COBS Provision: Difference between revisions
Use of dealing commissions - COBS Provision (view source)
Revision as of 16:58, 31 October 2016
, 31 October 2016no edit summary
Amwelladmin (talk | contribs) m (Amwelladmin moved page Use of Dealing Commissions - COBS Provision to Use of dealing commissions - COBS Provision) |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
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}} | ||