COBS 1.3 Insurance distribution
[deleted]3
COBS 1.3.1G
[deleted]3
COBS 1.3.3R
[deleted]3
Interpretation – “in good time”
COBS 1.3.5G
- (1)
1Certain provisions in this sourcebook require firms to provide clients with information “in good time”,3 for example, COBS 6.1ZA.19AR.
2 - (2)
In determining what constitutes the provision of information “in good time”, a firm should take into account, having regard to the urgency of the situation, the client’s need for sufficient time to read and understand the information before taking an investment decision.
- (3)
A client is likely to require more time to review information given on a complex or unfamiliar product or service, or a product or service a client has no experience with, than a client considering a simpler or more familiar product or service, or where the client has relevant prior experience.