COBS 21.1 Application
6Where this chapter sets out conditions or requirements in relation to conditional permitted links, those conditions or requirements also apply in relation to any conditional permitted links that a linked fund invests in via permitted units.
Limit to the application of COBS 21.3
3 COBS 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.