ICOB 8.1 Application and purpose
Application: who? and what?
This chapter applies to an insurance intermediary in relation to a distance non-investment mediation contract with a retail customer.
Purpose
The purpose of ICOB 8is to set out the rules that apply in relation to a distance non-investment mediation contract.
This chapter implements articles 3, 5, 6, 7 and 9 of the DMD for distance non-investment mediation contracts with retail customers.
As ICOB 1.7.3 G(4) indicates, the FSA expects the requirements set out in ICOB 8 to be relevant only in a small minority of cases.