• COBS 5.9 COBS 5.9 Recording of Selection Criteria

    • COBS 5.9.1

      Where the Trust Service Provider seeks the advice of a third party in connection with a Client's affairs, for example to advise on or manage investments, the Trust Service Provider must record the criteria for selection of the adviser and the reasons for the selection made.

    • COBS 5.9.2

      The Trust Service Provider must monitor the performance of the adviser and ensure that it is in a position to change advisers if it is in the interests of the Client.