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  2. Point in time
    2019-05-07

ICOBS 2.3 Inducements

ICOBS 2.3.1GRP
  1. (1)

    Principle 8 requires a firm to manage conflicts of interest fairly, both between itself and its customers and between a customer and another client. This principle extends to soliciting or accepting inducements where this would conflict with a firm's duties to its customers. A firm that offers such inducements should consider whether doing so conflicts with its obligations under:1

    1. (a)

      Principles 1 and 6 to act with integrity and treat customers fairly; and1

    2. (b)

      the customer’s best interests rule.1

  2. (2)

    An inducement is a benefit offered to a firm, or any person acting on its behalf, with a view to that firm, or that person, adopting a particular course of action. This can include, but is not limited to, cash, cash equivalents, commission, goods, hospitality or training programmes.