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Investment firms and credit institutions may use tied agents for the provision of investment services of investment advice and the receiving and transmitting of orders. Such tied agents are active under the umbrella of liability of an investment firm or a credit institution. Tied agents are only allowed to approach customers in the name of and on the account of an investment firm or a credit institution. They are obliged to present the power of attorney issued by the investment firm or the credit institution or a form of identification without being requested to do so. Tied agents must hold the appropriate licence to conduct business in accordance with Article 136a of the Commercial Code of 1994.

Term-Nr.: 848

German: Vertraglich gebundene Vermittler (VGV) (847)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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