Status: You are viewing the version of the handbook as on 2016-02-03.

personal recommendation

    5

    (except in CONRED) 102

    a recommendation that is advice on investments, advice on conversion or transfer of pension benefits, 125192or advice on a home finance transaction50 and is presented as suitable for the person to whom it is made, or is based on a consideration of the circumstances of that person.

    A recommendation is not a personal recommendation if it is issued exclusively through distribution channels or to the public.46

    [Note: article 52 of the MiFID implementing Directive]46

    102(in CONRED) a recommendation which is advice on investments and:

      1. (a) where given on or before 31 October 2007, was given to a specific person; or
      1. (b) where given on or after 1 November 2007, was presented as suitable for the person to whom the recommendation was made, or was based on a consideration of the circumstances of that person, other than a recommendation issued exclusively through distribution channels or to the public.