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    2013-12-04

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

1A firm (other than a platform service provider) which:

  1. (1)

    arranges for a retail client to buy a retail investment product or makes a personal recommendation to a retail client in relation to a retail investment product; and

  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).