A BIBA broker's guide to client terms of business agreements

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It is good business practice for brokers to provide their clients with a written document, which sets out the contractual relationship between a broker and their client. A TOBA provides an ideal vehicle in which to do this.

This supplement focuses on the importance of client Terms of Business Agreements (TOBAs) and the articles form a basic framework and series of checklists, to identify the key considerations for reviewing and assessing your own client TOBAs.

Topics covered:
• Services.
• Remuneration and holding client money.
• Broker obligations.
• Client rights and obligations.
• Limitation of liability.