US SEC Regulation Best Interest (17 CFR 240.15l-1)
Conflict of interest obligation (paragraph (a)(2)(iii)) – US SEC Regulation Best Interest (17 CFR 240.15l-1)

US SEC Regulation Best Interest (17 CFR 240.15l-1) a2iii-C: Identify, disclose and prevent the effects of material limitations on the menu of recommendations

What does a2iii-C require?

Where the firm limits what may be recommended to retail customers, for example to proprietary products, products from a revenue-sharing partner or a narrow approved list, its written procedures must identify and disclose those limitations and their associated conflicts in line with the disclosure obligation, and must also prevent the limitation and its conflicts from causing the firm or an individual to make recommendations that put the firm's interest first. A limited menu is permitted; recommending from it without regard to the customer is not.

Maintained by Gerard Blokdyk

Other controls in Conflict of interest obligation (paragraph (a)(2)(iii)) – US SEC Regulation Best Interest (17 CFR 240.15l-1)

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