1Where an insurance distributor is distributing through a person relying on the connected contracts exemption in article 72B of the Regulated Activities Order, the insurance distributor must ensure that the requirements in (2) are met.
The requirements referred to in (1) are:
SYSC 19F.2 (Remuneration and insurance distribution activities);
ICOBS 2.5.-1R (Customer’s best interests);
ICOBS 4.1.2R(1)(a) and (c) (Status disclosure: general information provided by insurance intermediaries or insurers);
ICOBS 5.2 (Demands and needs);
ICOBS 6.1.5R(4) (Ensuring customers can make an informed decision: the appropriate information rule);
ICOBS 6A.3 (Cross-selling).
[Note: article 1(4) of the IDD]