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You are viewing the version of the document as on 2021-10-04.

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  5. Point in time
    2021-10-04

COBS 11.1 Application

General application

COBS 11.1.1RRP

1This chapter3 applies 3to a firm.3

  1. (1)

    [deleted]3

  2. (2)

    [deleted]3

COBS 11.1.2RRP

Save as may be provided in the relevant sections, in6 this chapter, provisions marked “UK”7 apply to a firm which is not a MiFID investment firm3 as if they were rules.

2
COBS 11.1.3RRP

[deleted]6

2

Application of section on personal account dealing

COBS 11.1.4RRP

The section on personal account dealing applies to the designated investment business of a firm in relation to activities carried on from an establishment in the United Kingdom.

COBS 11.1.5GRP

[deleted]7

65555

Disapplication of best execution for non-financial spreads

COBS 11.1.6RRP

3The section on best execution (COBS 11.2A6) does not apply to a firm when:

  1. (1)

    executing orders: or

  2. (2)

    placing orders with other entities for execution: or

  3. (3)

    transmitting orders to other entities for execution;

in relation to a spread-bet which is not a financial instrument, where the firm has not made a personal recommendation in relation to that spread-bet.

Disapplication of best execution to CIS operators purchasing or selling own units4

COBS 11.1.7RRP

4The section on best execution (COBS 11.2 or COBS 11.2B, as applicable6) does not apply to a firm when, acting in the capacity of operator of a regulated collective investment scheme, it purchases or sells units in that scheme.