COBS 6.9.6 Timely Allocation
(a) An Authorised Person must ensure that a Transaction it Executes is promptly allocated.
(b) The allocation must be:
(i) to the account of the Client on whose instructions the Transaction was executed;
(ii) in respect of a discretionary Transaction, to the account of the Client or Clients with or for whom the Authorised Person has made and recorded, prior to the Transaction, a decision in principle to execute that Transaction; or
(iii) in all other cases, to the account of the Authorised Person.