CIPR 3.5.7 Inducements generally
(1) An authorised firm must ensure that neither it, nor any of its employees:
(a) offers, gives, solicits or accepts any gift or inducement; or
(b) directs or refers any actual or potential business to another person on its own initiative or on the instructions of an associate;
if doing so is likely to conflict to a significant extent with any duty that the firm owes to its customers.
(2) An authorised firm's systems and controls must include policies and procedures to ensure that the firm complies with subrule (1).
(3) An authorised firm must ensure that every member of the firm's governing body, and every employee, is provided with details of the firm's current policy and procedures about gifts, referrals and inducements.
|Derived from QFCRA RM/2019-2 (as from 1st January 2020).|