Versions

 

COB 3.5.4 Guidance

An Authorised Firm should undertake a thorough assessment of the nature of the goods and services and the terms upon which they are to be provided under a Soft Dollar Agreement to ensure that the receipt of such goods and services provide commensurate value. This is particularly the case if any costs of such goods and services are to be passed through to Clients. Where the Client bears the cost of the goods and services, the disclosure obligation relating to costs and charges under COB Rule 3.3.2 (see App 2) will apply to such costs.

Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]