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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.

You are viewing the version of the document as on 2012-12-13.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

ICOBS 4.3 Fee disclosure

  1. (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. (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. (3)

    To the extent that an actual fee cannot be given, a firm must give the basis for calculation.


The fee disclosure requirement extends to all such fees that may be charged during the life of a policy.