Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  2. Point in time
    2015-12-16

COBS 6.1F Using a platform service for arranging and advising

Client’s best interests rule and using a platform service

COBS 6.1F.-1RRP

This section does not apply if the retail client is outside the United Kingdom.

COBS 6.1F.1RRP

1A firm which:

2
  1. (1)

    arranges for retail clients to buy retail investment products or makes personal recommendations to retail clients in relation to retail investment products; and2

    2
  2. (2)

    uses a platform service for that purpose;

must take reasonable steps to ensure that it uses a platform service which presents its retail investment products without bias.

COBS 6.1F.2GRP

When selecting and using a platform service for the purpose described in COBS 6.1F.1 R, a firm should be mindful of its duty to comply with the client's best interests rule and the rule on inducements (COBS 2.3.1 R).