Related provisions for DISP App 1.5.6
Typical recommendations and whether they will be regulated as advice on contracts of insurance under article 53(1)2 of the Regulated Activities Order. This table belongs to PERG 5.8.4 G.2
Recommendation |
Regulated under article 53(1)2 or not? |
I recommend you take the ABC Insurers motor insurance policy |
Yes. This is even the case if ABC Insurers has many different motor insurance policies, as explained in PERG 4.6.6 G. Although PERG 4.6.6 G is about mortgages the same reason applies to insurance.1 |
I recommend that you take out the GHI Insurers life insurance policy |
Yes |
I recommend that you do not take out the ABC Insurers motor insurance policy |
Yes. See the entry in this table for the recommendation to take out the ABC Insurers motor insurance policy.1 |
I recommend that you do not take out the GHI Insurers life insurance policy |
Yes |
I recommend that you take out either the ABC Insurers motor insurance policy or the DEF Insurers motor insurance policy |
Yes |
I recommend that you take out either the GHI Insurers life insurance policy or the JKL Insurers life insurance policy |
Yes1 |
I recommend that you take out (or do not take out) contents insurance |
No, unless a specific insurance policy is implied by the context |
I recommend that you take out (or do not take out) life insurance |
No, unless a specific insurance policy is implied by the context |
Unless a firm is listed in the table below, this section does not apply to it where both of the following conditions are satisfied:
- (1)
the firm has reported total revenue of less than £5 million as at its last accounting reference date; and
- (2)
the firm only has permission to carry on one or more of the following activities:
- (a)
- (b)
- (c)
- (d)
- (e)
making arrangements with a view to transactions in investments;
- (f)
assisting in the administration and performance of a contract of insurance in relation to non-investment insurance contracts;
- (g)
- (h)
- (i)
- (j)
- (k)
- (l)
establishing, operating or winding up a collective investment scheme;
- (m)
establishing, operating or winding up a personal pension scheme;
- (n)
establishing, operating or winding up a stakeholder pension scheme;
- (o)
- (p)
- (q)
- (r)
- (s)
- (t)
Table: Firms to which the exclusion in SUP 16.23.2R does not apply
a UK bank; |
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a non-UK bank;2 |
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a mortgage administrator; or |
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a firm offering life and annuity insurance products. |
Insurance insurance distribution activities2 activities able to be carried on by an appointed representative. This table belongs to PERG 5.13.3 G.
Type of contract of insurance |
Regulated activities an appointed representative can carry on |
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