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AUTH App 6.4 Limitations of this guidance

AUTH App 6.4.1G

Although what appears below is the FSA's approach, it cannot state what the law is, as that is a matter for the Courts. Accordingly, this guidance is not a substitute for adequate legal advice on any transaction.

AUTH App 6.4.2G

The list of principles and factors is not closed and this guidance by no means covers all types of insurance-like business.

AUTH App 6.4.3G

The FSA will consider each case on its facts and on its merits.

AUTH App 6.4.4G

In some cases transactions with the same commercial purpose or economic effect may be classified differently, ie some as insurance and some as non-insurance.