Provision of investment services and ancillary investment services through another investment services undertaking

Where an investment services undertaking receives, through another investment services undertaking, an instruction to provide investment services or ancillary investment services for a client, the receiving undertaking is responsible for carrying out the investment service or ancillary investment service in accordance with the provisions of this Part, subject to the following: 1. the receiving investment services undertaking is not obliged to verify the completeness and accuracy of client particulars and client instructions transmitted to it by the other investment services undertaking, 2. the receiving investment services undertaking may rely on recommendations in relation to the investment service or ancillary investment service having been given to the client by the other investment services undertaking in accordance with the statutory provisions.