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- A firm must make the disclosure required by the rule on disclosure of commission or equivalent (COBS 6.4.3 R) as close as practicable to the time that it sells or arranges the sale of a packaged product.
www.handbook.fca.org.uk/handbook/COBS/6/4.html
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A firm must make the disclosure required by the rule on disclosure of commission or equivalent (COBS 6.4.3 R) as close as practicable to the time that it sells or arranges the sale of a packaged product.
- CONC 4.5 Commissions - FCA Handbook
the commission, fees or other remuneration payable to the...
- COB 5.7 Disclosure of charges, remuneration and commission
For example, when a firm exchanges its right to future...
- CONC 4.5 Commissions - FCA Handbook
the commission, fees or other remuneration payable to the firm varies depending on which of the credit agreements or consumer hire agreements the customer enters into, the firm should make disclosure to the customer under CONC 4.5.3R in relation to the arrangements.
Jan 20, 2007 · For example, when a firm exchanges its right to future commission payments for a lump sum, whether by way of a loan or other commercial arrangement, it should disclose the amount of commission receivable by it that has been exchanged for the lump sum.
Updated rules on disclosing commission. The changes made to the rules apply to dealers and brokers at two stages: 1. Financial promotions (CONC 3.7.3-4) – on websites and in marketing the broker/dealer should provide general disclosures on the following: the extent of their powers;
INTRODUCTION. accordance with the regulatory requirements set out in the ACCA Rulebook. We have adopted a principles-based approach which allows practitioners and regulate. REGULATORY REQUIREMENTS. must comply with the requirements set out in Regulation 3(7) of .
We require advisers to: • set their own charges for their services. • have charging structures based on the level of service they provide, rather than the particular provider or product they recommend. • disclose those charges to consumers up front, using some form of price list or tariff (confirming the specific amount to be paid later on)
Since the 2021 FCA rule changes regarding sales commissions, one of the more common issues in the Motor Industry has been the extremely high number of solicitors and claims management firms seeking to prosecute civil claims for return of commissions earned during the sale of vehicle finance.
