platform service

    a service which:

      1. (a) involves arranging and safeguarding and administering investments; and
      1. (b) distributes retail investment products which are offered to retail clients by more than one product provider;

    but is neither:

      1. (c) solely paid for by adviser charges; nor
      1. (d) ancillary to the activity of managing investments for the retail client.

Glossary Related Taxonomy Legal Instruments