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Enron Mail |
Simon - Justin tells me that in his view there are no issues from a UK
legal/regulatory point of view , other than the following: As a matter of 'best pratice', the broker(s) concerned should mention somewhere in their terms and conditions that their 'commission may or may not be shared with third parties' in order to comply with SFA rules Hope this helps. ---------------------- Forwarded by Paul Goddard/EU/Enron on 19/01/2001 12:20 --------------------------- From: Paul Goddard on 19/01/2001 11:09 To: Justin Boyd/LON/ECT@ECT cc: Dave Samuels/hou/ect@ect, Amita Gosalia/LON/ECT@ECT Subject: Re: Spectron Update & Response Justin - any thoughts re: Simon's question? Would we still be within our legal and regulatory rights to accepting a 'cut' of a broker's commission fees, assuming we ended up doing what Simon suggests as opposed to the EnronBrokerConnect approach (different business/revenue model)? Thanks, Paul ---------------------- Forwarded by Paul Goddard/EU/Enron on 19/01/2001 10:59 --------------------------- Simon Hastings@ECT 19/01/2001 09:56 To: Andy Zipper/Corp/Enron@ENRON cc: Richard Lewis/LON/ECT@ECT, Paul Goddard/EU/Enron@Enron Subject: Re: Spectron Update & Response Andy Actually what I was referring to was a deal between UK Power and GFI Net, which would not necessarily involve EOL. There would be several benefits for us to do this, as detailed in my previous mail. My question is: Do you know of any issues that would prevent us from accepting a per trade payment (passthrough of a % of bro) from GFI? If not, do you know who has looked at this sort of thing? Thanks Simon Andy Zipper@ENRON 18/01/2001 21:09 To: Simon Hastings/LON/ECT@ECT cc: Subject: Re: Spectron Update & Response Simon, Re GFI: We had been discussing an EnronBrokerConnect license for them. This is the deal whereby they get a stripped down EOL web client that allows them to transact on behalf of customers. This was initiated on behalf of the Conntinental Power desk. GFI has been un responsive to date. If they have changed tack and want to put EOL numbers on the GFInet site they need to let me know that. So far it's been tough dealing with these guys. Andy
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