COBS 10A.1 Application
Application
This chapter applies to a firm which:2
- (1)
provides investment services in the course of MiFID or equivalent third country business; or2
- (2)
carries on insurance distribution in relation to insurance-based investment product,2
other than when the firm makes2 a personal recommendation or carries2 out portfolio management.
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 “UK”
The effect of GEN 2.2.22AR is that provisions in this chapter marked “UK”3 and including a Note (‘Note:’) referring to the MiFID Org Regulation2 also apply in relation to the equivalent business of a third country investment firm as if they were rules.
2Provisions in this chapter marked “UK”3 and including a Note (‘Note:’) referring to the IDD Regulation apply as if they were rules to firms, to whom the IDD Regulation does not apply, when doing insurance distribution.