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COBS 21.1 Application

COBS 21.1.1RRP

1The rules in this section apply on an ongoing basis to linked long-term contracts that are effected by:

  1. (1)

    insurers other than EEA insurers; and

  2. (2)

    EEA insurers in the United Kingdom.

Limit to the application of COBS 21.3

COBS 21.1.1AR

3COBS 21.3 (Further rules for firms engaged in linked long-term insurance business) applies only in respect of linked long-term contracts of insurance where the investment risk is borne by a policyholder who is a natural person.