An execution-only sale usually means a sale where there is an absence of:
Charges
Advice
Product
Guarantee
An execution-only sale occurs when a broker executes a trade without providing financial advice.
Key Features of Execution-Only Trading:
The client chooses the investment without guidance.
The broker only executes the trade (no suitability checks).
Typically used by experienced investors.
Regulatory Implications:
Under FCA rules, execution-only firms are not responsible for investment suitability.
Clients must confirm they are not receiving advice before execution.
???? Reference: FCA Handbook (COBS 10 - Execution-Only Transactions), CISI Wealth & Investment Management.
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