COB Sch 2 Notification requirements
Handbook reference |
Matter to be notified |
Contents of notification |
Trigger event |
Time allowed |
pension opt-out and pension transfer transactions |
in writing - number of pension opt-outs and pension transfer transactions the firm has arranged in previous 6 monthly period |
6-month intervals |
as soon as reasonably practicable 1 |
|
execution only pension opt-out and pension transfer transactions |
in writing - number of transactions arranged if they exceed 1% of all the firm's pension opt-outs or pension transfers arranged during that quarter |
3-month intervals |
as soon as reasonably practicable 1 |
|
pension opt-out and pension transfer transactions |
in writing - number of transactions arranged against the firm's advice if they exceed 1% of all the firm's pension opt-outs or pension transfers arranged during that quarter |
3-month intervals |
as soon as reasonably practicable 1 |
|
pension opt-outs and pension transfer transactions |
in writing - the number of any transactions arranged on a correspondence - only basis by the firm during that quarter |
3-month intervals |
as soon as reasonably practicable 1 |
|
COB 5.7.16 E, paragraph 9 |
failure to follow actuarial advice |
reasons for not following actuarial advice and alternative assumptions the firm plans to use |
where a firm does not follow its actuary's advice |
as soon as reasonably practicable |
notice of election |
in writing - election that scheme will comply with those provisions of COB 6.2 that relate to the simplified prospectus - date from which election is to take effect |
election |
as soon as reasonably practicable3 |
|
simplified prospectus and subsequent amendments |
in writing - required contents of simplified prospectus |
commencement of sale of units |
as soon as reasonably practicable3 |
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Fact that the firm has ceased to effect new contracts of insurance in a with-profits fund |
Fact that the firm has ceased to effect new contracts of insurance in a with-profits fund |
Firm first ceasing to effect new contracts of insurance in a with-profits fund |
28 days |
|
Details of how the firm will ensure a full and fair distribution of the closed with-profits fund and its inherited estate (if any) |
The information described in SUP App 2.15 |
Firm first ceasing to effect new contracts of insurance in a with-profits fund |
A maximum of 3 months |
|
Any failure to meet requirements concerning permitted links |
in writing - details of any failure to meet requirements concerning permitted links |
failure to meet any requirements concerning permitted links |
as soon as reasonably practicable |
|
delegation of regulated activity by a trustee firm to a PTP |
the trustee firm must notify the FSA within 14 days of it first delegating any regulated activity to a PTP and the notification must include the identity of the PTP |
upon first delegation of regulated activity |
14 days2 |