Related provisions for COBS 20.2.24

1 - 1 of 1 items.

Search Term(s)

Filter by Topics

Filter by Modules

Filter by Documents

Filter by Keywords

Effective Period

Similar To

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

COBS 20.2.25RRP
A firm may pay compensation or redress due to a policyholder, or former policyholder:(1) from assets attributable to shareholders, whether or not they are held within a long-term insurance fund; or(2) from its inherited estate (if any); or(3) from assets that would otherwise be attributable to asset shares, if, in the reasonable opinion of the firm'sgoverning body, that compensation or redress cannot be paid from the assets in (1) or (2), or from any other source.