IanSmithCSE.co.uk Homepage
Forum Home Forum Home > Beginners Share Dealing > Regulatory Issues Governing The Web Site
  New Posts New Posts RSS Feed - Clarification
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Clarification

 Post Reply Post Reply
Author
Message
IanSmithCSE_webwizfo View Drop Down
Admin Group
Admin Group


Joined: 13 Feb 2017
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote IanSmithCSE_webwizfo Quote  Post ReplyReply Direct Link To This Post Topic: Clarification
    Posted: 13 Feb 2017 at 1:08pm
This site is not providing any form of advice and it not encouraging share investing or trading it is a personal view that some people may find interesting, for further clarification on the what Advice Is you may wish to read


the FCA document that makes it clear that information on this site is not financial advice.
                        
MiFiD (Market In Financial Instruments Directive) - Personal Advice?
There is a specific exclusion in MiFID38 for a recommendation given through a distribution
channel (such as a newspaper or other media, including the Internet), where information
is, or is likely to become publicly available. By its nature, a recommendation given
through these distribution channels will not normally be a personal recommendation.......... The CESR Q&A39 made clear that, in deciding whether a
personal recommendation was being given, one criterion was whether it would be
reasonable to think that a personal recommendation is being made

RAO (Regulated Activities Order) - Article 53(1) or not?
For advice to be regulated at all, it must relate to a specific investment.

The FCA clarification does not explicitly discuss strategy but it does make the following statement.

Advice to buy shares in the oil sector or shares with exposure to a particular
country is generic advice because it does not relate to a specific investment and is
not regulated.

Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.07
Copyright ©2001-2016 Web Wiz Ltd.