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Status: You are viewing the version of the handbook as on 2012-12-13.

COBS 15.1 Application

COBS 15.1.1GRP

1This chapter is relevant to a firm that enters into a contract cancellable under this chapter. In summary, this means it is relevant to:

  1. (1)

    most providers of retail financial products that are based on designated investments; and

  2. (2)

    firms that enter into distance contracts with consumers that relate to designated investment business; and3

  3. (3)

    firms that enter into distance contracts the making or performance of which by the firm constitutes, or is part of, the activity of issuing electronic money.3