Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  3. Point in time
    2018-04-01

COBS 12.1 Purpose and application

Purpose

COBS 12.1.1GRP

1The purpose of this chapter is to:2

  1. (1)

    2set out specific requirements 2relating to the production and dissemination of investment research and non-independent research; and

  2. (2)

    3provide guidance on matters in the 3Market Abuse Regulation relating to the disclosures to be made in, and about, 3investment recommendations.

    2333

Application: Who?

COBS 12.1.2RRP

This chapter applies 2to a firm.2

  1. (1)

    2[deleted]

  2. (2)

    2[deleted]

Application: Where?

COBS 12.1.3GRP

The EEA territorial scope rule modifies the general rule of application to the extent necessary to be compatible with European law (see paragraph 1.1 of Part 2 of COBS 1 Annex 1). This means that COBS 12.24 also applies4 to passported activities carried on by a UK MiFID investment firm from a branch in another EEA state, but does4 not apply to the United Kingdom branch of an EEA MiFID investment firm in relation to its MiFID business.