CMCOB TP 1 Transitional Provisions
1(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision coming into force |
1 |
R |
In relation to an agreement entered into before 1 April 2019: (1) the firm need not comply with CMCOB 6.1.7R until 1 July 2019; and; (2) the reference in CMCOB 6.1.7R to an illustration or estimate provided under CMCOB 4.2.5R is to be treated as a reference to the most recent illustration or estimate of fees (if any) provided before 1 April 2019. |
From 1 April 2019 |
1 April 2019 |
|
2 |
G |
The effect of TP 1.1 is that, where a firm has sufficient information from which it may reasonably estimate what its fee under an agreement entered into before 1 April 2019 will be, the firm must provide an estimate to the customer no later than 1 July 2019 unless that estimate is unchanged from the most recent estimate given before 1 April 2019. |
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3 |
R |
A firm need not comply with CMCOB 7.2.4R to 7.2.10R. |
1 April 2019 to 31 July 2019 |
1 April 2019 |