COBS 6.1F Using a platform service for arranging and advising
Client’s best interests rule and using a platform service
1A firm (other than a platform service provider) which:
- (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)
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.
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).