Tied Agents

A tied agent means a person established in a Member State, who, acting under the full and unconditional responsibility of only one Investment Firm of a Member State and, on whose behalf it acts, (i) promotes investment or/and ancillary services; (ii) attracts clients or prospective clients (iii) receives and transmits client orders in respect of investment services or financial instruments; (iv) places financial instruments and/or (v) provides advice to clients or prospective clients in respect of those financial instruments or services.

Any Investment Firm, or credit institution which decides to employ a tied agent, remains fully and unconditionally responsible for any action or omission on the part of the tied agent when acting on its behalf.