Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

COBS 9A.1 Application and purpose

1Note: ESMA has also issued guidelines under article 16(3) of the ESMA Regulation on certain aspects of the MiFID suitability requirements, 28 May 2018/ESMA-35-43-869 (EN).3

Application

COBS 9A.1.1R

Effect of provisions marked “UK” for third country investment firms and MiFID optional exemption firms

COBS 9A.1.2R

Provisions in this chapter marked “UK”3 and including a Note (‘Note:’) referring to the MiFID Org Regulation2 apply in relation to MiFID optional exemption business as if they were rules.

COBS 9A.1.3G

The effect of GEN 2.2.22AR is that provisions in this chapter marked “UK”3 also apply in relation to the equivalent business of a third country investment firm as if they were rules.

Effect of provisions marked “UK” for the firms distributing insurance-based investment products

COBS 9A.1.4R

2Provisions in this chapter marked “UK”3 and including a Note (‘Note:’) referring to the IDD Regulation apply as if they were rules in relation to insurance distribution activities to which the IDD Regulation does not apply.