Version 8 of the Handbook was published on 1 October 2013. For more information, please click "History" above.
If a firm arranges for a client on an execution-only basis any transaction involving a retail investment product, the firm shall send the client written confirmation to the effect that:
the client had not sought and was not given any advice from the firm in connection with the transaction; or
the client was given advice from the firm in connection with that transaction but nevertheless persisted in wishing the transaction to be effected; and in either case the transaction is effected on the client's explicit instructions.