COBS 1.1 The general application rule

1This sourcebook applies to a firm with respect to the following activities carried on from an establishment maintained by it, or its appointed representative, in the United Kingdom:

1. (1)

   accepting deposits;

2. (2)

   designated investment business;

3. (3)

   long-term insurance business in relation to life policies;

and activities connected with them.

The general application rule is modified in COBS 1 Annex 1 according to the activities of a firm (Part 1) and2 its location (Part 2)2.

The general rule is also modified in the chapters to this sourcebook for particular purposes, including those relating to the type of firm, its activities or location, and for purposes relating to connected activities.