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FCA Handbook
COBS
COBS 10A
COBS 10A.1 Application

COBS 10A.1 Application

1[Note: ESMA has also issued guidelines under article 16(3) of the ESMA Regulation on complex debt instruments and structured deposits. See [https://www.esma.europa.eu/sites/default/files/library/2015-1787_-_guidelines_on_complex_debt_instruments_and_structured_deposits.pdf ]

Application

COBS 10A.1.1R03/01/2018

This chapter applies to a firm which provides investment services in the course of MiFID or equivalent third country business other than making a personal recommendation or carrying out portfolio management.

COBS 10A.1.2R03/01/2018

This chapter applies to a firm which assesses appropriateness on behalf of a MiFID investment firm so that the other firm may rely on the assessment under COBS 2.4.4R (Reliance on other investment firms: MiFID and equivalent business).

Effect of provisions marked EU

COBS 10A.1.3R03/01/2018

The effect of GEN 2.2.22AR is that provisions in this chapter marked “EU” also apply in relation to the equivalent business of a third country investment firm as if they were rules.