Professionals

43. May the financial planner provide investment services to its clients or provide them with advice concerning transactions on individual financial instruments?

No, independent financial planners are expressly prohibited from providing investment services and from providing advice concerning transactions on individual financial instruments.

As far as regulated undertakings are concerned, financial planning and the provision of investment services will need to be operationally and organizationally separated. For regulated undertakings to comply with this operational and organizational separation requirement, the two activities must be carried out by two separate teams.