ICOBS 4.3 Fee disclosure
- (1)
A firm must provide its customer with details of the amount of any fees other than premium monies for an insurance mediation activity.
- (2)
The details must be given before the customer incurs liability to pay the fee, or before conclusion of the contract, whichever is earlier.
- (3)
To the extent that an actual fee cannot be given, a firm must give the basis for calculation.