Implementation services: advisers must offer execution only via direct products without commissions or fees, preserving client choice. Investment advisers may provide implementation services only through direct schemes/products, with clients not obliged to avail them; advisers and their ... Summary
Implementation services: advisers must offer execution only via direct products without commissions or fees, preserving client choice.
Investment advisers may provide implementation services only through direct schemes/products, with clients not obliged to avail them; advisers and their group or family must not receive any consideration (including commissions, referral fees, embedded or indirect payments) for such services, nor may they charge clients implementation fees.
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