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COBS 9 Annex 1 Basic advice initial disclosure information1


1This Annex belongs to COBS 9.6.5R (1)

Information that comprises the following:


the name and address (head office or principal place of business if more appropriate) of the firm;


a statement as to whether the range of stakeholder products on which advice will be given comprises products from a single stakeholder product provider, or a limited number of stakeholder product providers;


a statement that the service being offered is basic advice on a limited range of stakeholder products by asking questions about income, savings and other circumstances but without carrying out a full assessment of the retail client's needs and without offering advice on whether a non-stakeholder product may be more suitable;


a statement that the firm is authorised and regulated by the FSA (or if an appointed representative, a statement of whom it is an appointed representative and that that firm is authorised and regulated by the FSA) to give basic advice, together with the registration number of the firm and the fact that the firm's status can be checked with the FSA on 0800 111 6768 or on the FSA website at;


a statement disclosing any product provider loans (where such credit exceeds 10% of share and loan capital) and direct or indirect ownership (where that ownership exceeds 10% of share capital or voting power) either by, or of, a single product provider or operator; (See also notes 20-23 in COBS 6 Annex 1 and notes 33-38 of COBS 6 Annex 2).


A description of the arrangements concerning complaints and the circumstances in which the retail client can refer the matter to the Financial Ombudsman Service; (See also notes 24-25 in COBS 6 Annex 1 and notes 39-42 of COBS 6 Annex 2).


a description of the circumstances and the extent to which firm is covered by the compensation scheme and the retail client will be entitled to compensation from the compensation scheme. (See also notes 26-27 of COBS 6 Annex 1 and notes 43-46 of COBS 6 Annex 2).

[Note: in respect of 1, 2, 4, 5, and 6, Articles 12 and 13 of the Insurance mediation directive and in respect of 7, Article 10 of the Investors compensation directive]