Which of the following is a requirement of non-MIFID corporate finance business under the Conduct of Business Sourcebook (COBS)?

The requirement to act honestly, fairly, and professionally is a fundamental principle under the Conduct of Business Sourcebook (COBS) for non-MIFID corporate finance business. This principle establishes the expectation that firms engaged in corporate finance will maintain the highest standards of integrity and fairness in their dealings with clients.

By adhering to these standards, firms build trust and foster positive relationships with clients, which is essential in the corporate finance sector. This requirement emphasizes the importance of ethical conduct and transparency, ensuring that clients are treated equitably and that their interests are taken into account, thus enhancing the overall accountability of firms within this domain.

In contrast, the other choices do not align with established regulatory requirements. Providing unlimited offers may not be practical or appropriate within the context of corporate finance. Maximizing profit potential for shareholders, while a goal for many businesses, is not a standalone regulatory requirement under COBS. Lastly, focusing solely on institutional clients restricts the broader scope of clients a corporate finance business may engage with, which is not stipulated as a requirement under COBS.