Outside Business Relationship
Definitions
- (n.) A business relationship between a person affiliated with a regulated entity and an outside entity that might present a conflict of interest or require disclosure.
Broker-dealers must disclose any outside business relationship to comply with regulatory requirements.
Forms
- outside business relationship
- outside business relationships
Related terms
See also
Commentary
Use the term precisely to denote relationships outside the primary business that may influence fiduciary duties or regulatory duties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.