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suitability report

    49a report which a firm must provide to its client160 which, among other things, explains why the firm has concluded that a recommended transaction is suitable for the client and which is provided pursuant to:160

      1. (a) COBS 9.4 (Suitability reports) where the firm is carrying on designated investment business other than any MiFID, equivalent third country or optional exemption business or in relation to an insurance-based investment product168;160
      1. (b) article 54(12) of the MiFID Org Regulation where the firm is carrying on MiFID business;160
      1. (c) GEN 2.2.22AR and COBS 9A.3.3EU where the firm is carrying on the equivalent business of a third country investment firm;160
      1. (d) COBS 9A.1.2R and COBS 9A.3.3EU where the firm is carrying on MiFID optional exemption business160; or168
      1. (e) COBS 9A.3.2R where the firm is carrying on insurance distribution activities in relation to an insurance-based investment product.168