INMA 9B.1.8 Dealing and managing — aggregation of customer orders
An INMA firm may aggregate a transaction for a customer order with transactions for other customer orders or for own account transactions if:
(a) the firm believes on reasonable grounds that it is unlikely that the aggregation will disadvantage any of the customers whose transactions are to be aggregated;
(b) the firm has disclosed orally or in writing to the customer that the transactions for the customer order may be aggregated and that the effect of aggregation may sometimes operate to the customer's disadvantage;
(c) before the transactions are aggregated, the firm has made a record of the intended basis of allocation and the identity of each customer; and
(d) the firm has in place a written policy on aggregation and allocation that it applies consistently and includes procedures for rule 9B.1.10.
|Inserted by QFCRA RM/2019-4 (as from 1st January 2020).|