COBS 10.1 Application

COBS 10.1.1RRP

[deleted]3

1
COBS 10.1.2RRP
234
  1. (1)

    5This chapter applies to a firm which arranges or deals in relation to a non-readily realisable security, speculative illiquid security, derivative or5 warrant with or for a retail client, other than in the course of MiFID or equivalent third country business, or facilitates a retail client becoming a lender under a P2P agreement and the firm is aware, or ought reasonably to be aware, that the application or order is in response to a direct offer financial promotion.

  2. (2)

    5Where a rule in this chapter applies to a firm which arranges or deals in relation to a speculative illiquid security, the rule also applies to:

    1. (a)

      a TP firm (to the extent that the rule does not already apply to such a TP firm as a result of GEN 2.2.26R); and

    2. (b)

      a Gibraltar-based firm (having the same meaning as in the Gibraltar Order) to the extent that the rule does not already apply to such a Gibraltar-based firm as a result of GEN 2.3.1R).

COBS 10.1.3RRP

[deleted]3

Related rules

COBS 10.1.4GRP

A firm that is carrying on a regulated activity on a non-advised basis, whether or not the rules in this chapter apply to its activities, should also consider whether other rules in COBS apply.3