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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.