MCOB 6 Annex 1 1Distance home purchase plans: information to be provided to retail customers.

1This table belongs to MCOB 6.8.5 R.

1.1

R

Distance home purchase plans: information to be provided to retail customers

(1)

the identity and the main business of the home purchase provider, the geographical address at which the home purchase provider is established and any other geographical address relevant for the consumer's2 relations with the home purchase provider;

2

(2)

the identity of the representative of the home purchase provider established in the consumer's2EEA State of residence and the geographical address relevant for the customer's relations with the representative, if such a representative exists;

2

(3)

when the consumer's2 dealings are with any professional other than the home purchase provider, the identity of this professional, the capacity in which he is acting vis-a-vis theconsumer2, and the geographical address relevant for the customer's relations with this professional;

2 2

(4)

Details of the Financial Services Register and any other trade register in which the home purchase provider is entered and his registration number or an equivalent means of identification in that register;

(5)

confirmation that the home purchase provider is authorised and regulated by the FCA;

(6)

the total price to be paid by the consumer2to the home purchase provider for the financial service, including all related fees, charges and expenses, and all taxes paid via the home purchase provider or, when an exact price cannot be indicated, the basis for the calculation of the price enabling the consumer2 to verify it;

2 2

(7)

notice of the possibility that other taxes and/or costs may exist that are not paid via the home purchase provider or imposed by him;

(8)

any specific additional cost for the consumer2 of using the means of distance communication2, if such additional cost is charged;

2 2

(9)

the absence of a right of withdrawal;

(10)

information on any rights the parties may have to terminate the contract early or unilaterally by virtue of the terms of the distance contract, including any penalties imposed by the contract in such cases;

(11)

the EEA State or States whose laws are taken by the home purchase provider as a basis for the establishment of relations with the retail customer prior to the conclusion of the distance contract;

(12)

any contractual clause on law applicable to the distance contract and/or on competent court;

(13)

in which language, or languages, the contractual terms and conditions, and the prior information referred to in this table are supplied, and furthermore in which language, or languages, the home purchase provider, with the agreement of the consumer2, undertakes to communicate during the duration of this distance contract; and

2

(14)

whether or not there is an out-of-court complaint and redress mechanism for the consumer2that is party to the distance contract and, if so, the methods for having access to it;

2

(15)

whether or not compensation may be available from the compensation scheme should the firm be unable to meet its liabilities, and information about any other applicable named compensation scheme; and, for each applicable scheme, the extent and level of cover and how further information can be obtained; and

(16)

all the contractual terms and conditions of the home purchase plan to which the offer document relates.

[Note: articles 3 and 5 Distance Marketing Directive2]

2

1.2

G

A firm is not required to provide this information if it has already done so, for example in an initial disclosure document, and that information remains accurate.