Reset to Today

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

Content Options

Content Options

View Options

Alternative versions

  1. Point in time
    2016-04-16

investment research

    research or other information recommending or suggesting an investment strategy, explicitly or implicitly, concerning one or several financial instruments or the issuers of financial instruments, including any opinion as to the present or future77value or price of such instruments, intended for distribution channels or for the public, and in relation to which the following conditions are met:57

      1. (a) it is labelled or described as investment research or in similar terms, or is otherwise presented as an objective or independent explanation of the matters contained in the recommendation;57
      1. (b) if the recommendation in question were to be made by an investment firm to a client, it would not constitute the provision of a personal recommendation.57

    [Note: article 24(1) of the MiFID implementing Directive]57