UK Financial Regulation (IOC) Quiz 09

Last Updated: June 2024

Table of Contents

UK Financial Regulation (IOC)
-know the rules on managing conflict in connection with investment
research and research recommendations [COBS 12.2.14/16/19
and UK MAR 20(1)]
UK Financial Regulation
V31 © Chartered Institute for Securities & Investment 23
Inducements and Payment for Research COBS 2.3 and 2.3A
-know the rules on inducements relating to MiFID business [COBS
2.3A.5/6/8/9/10]; the provision of independent advice, restricted
advice and portfolio management services to retail clients [COBS
2.3A.15]; the provision of independent advice and portfolio
management services to retail clients outside the UK or to
professional clients [COBS 2.3A.16], acceptable minor nonmonetary benefits [COBS 2.3A.19] and to Non-MiFID business
[COBS 2.3.1/2]
-know the regulations in respect of the inducements requirements
in respect of research for MiFID business [COBS 2.3B.1-4] and
Non-MiFID business [COBS 2.3.1/2]
Best Execution COBS 11.2 and 11.2A
-understand the requirements of providing best execution for MiFID
business [COBS 11.2A] and Non-MiFID business [COBS 11.2 and
11.2B]
-understand the requirements for an order execution policy, its
disclosures, the requirements for consent and review for MiFID
business [COBS 11.2A] and Non-MiFID business [COBS 11.2.14-
18, 11.2.22-26 and 11.2B]
-understand the rules on following specific instructions from a client
[COBS 11.2.19-21]
-understand the rules on monitoring the effectiveness of execution
arrangements and policy; demonstrating compliance with the
execution policy; and the duties of portfolio managers and
receivers and transmitters to act in a client’s best interest, and
information provision for MiFID business [COBS 11.2A.31-38] and
Non-MiFID business [COBS 11.2.27, 11.2.29 – 34]
Client Order Handling for MiFID and Non-MiFID Business COBS 11.3
– understand the rule on client order handling [COBS 11.3.1] and
the conditions to be satisfied when carrying out client orders
[COBS 11.3.2.2A, 11.3.3–6]
Aggregation and Allocation COBS 11.3
-understand the rules on aggregation and allocation of orders
[COBS 11.3.7A-8A] and the rules on aggregation and allocation of
transactions for own account [COBS 11.3.9A-13]
UK Financial Regulation
V31 © Chartered Institute for Securities & Investment 24
Client Limit Orders COBS 11.4

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