COBS - Dealing and Managing
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20 Minutes -
For all staff
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UK
COBS rules on dealing and managing govern actions relating to client investments. This 20-minute course explains best execution, covers the firm's execution policy and procedures for client order handling including order of execution, aggregation and allocation, and sets out what the rules are designed to prevent when client and firm interests could diverge.
Aggregation and allocation are where conflicts between clients become concrete, and the FCA has found allocation practice wanting in successive reviews. Best execution is also frequently treated as a policy document rather than a tested obligation. Training dealing and investment staff on the requirements keeps practice aligned with policy, which is exactly the gap supervisors look for.
What you’ll learn in
this course
- Explain best execution
- Recognise our execution policy and procedures for client order handling, including order of execution, aggregation and allocation
- Understand the prohibitions on the use of dealing commission and personal account dealing
- Identify and apply the record-keeping requirements
Hear from our customers
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