Related provisions for COBS 8.1.5
1 - 1 of 1 items.
If a firm carries
on designated investment business,
other than advising on investments or advising on conversion or transfer of pension benefits, 2with or for a new retail client,
the firm must enter into a written
basic agreement, on paper or other durable
medium, with the client setting
out the essential rights and obligations of the firm and
the client.[Note: article 39 of the MiFID
implementing Directive]
(1) A firm must,
in good time before a retail client is
bound by any agreement relating to designated
investment business or ancillary
services or before the provision of those services, whichever
is the earlier, provide that client with:(a) the terms of any such agreement;
and(b) the information about the firm and its services relating to that agreement
or to those services required by COBS 6.1.4 R, including information on communications, conflicts
of interest and authorised