COBS 9A.1 Application and purpose
Application
This chapter applies to a firm which provides:2
- (1)
investment advice or portfolio management in the course of MiFID, equivalent third country or optional exemption business; or2
- (2)
investment advice in relation to an insurance-based investment product.2
Effect of provisions marked “EU” for third country investment firms and MiFID optional exemption firms
Provisions in this chapter marked “EU” and including a Note (‘Note:’) referring to the MiFID Org Regulation2 apply in relation to MiFID optional exemption business as if they were rules.
The effect of GEN 2.2.22AR is that provisions in this chapter marked “EU” also apply in relation to the equivalent business of a third country investment firm as if they were rules.
Effect of provisions marked “EU” for the firms distributing insurance-based investment products
2Provisions in this chapter marked “EU” 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.