COBS 2.2A Information disclosure before providing services (MiFID provisions)

1This section applies to a firm in relation to its MiFID, equivalent third country or optional exemption business.

1. (1)

   A firm must provide appropriate information in good time to a client with regard to:

   1. (a)

      the firm and its services;

   2. (b)

      the financial instruments and proposed investment strategies;

   3. (c)

      execution venues; and

   4. (d)

      all costs and related charges.

[Note: article 24(4) of MiFID]

1. (2)

   That information may be provided in a standardised format.

1. (1)

   A firm must provide the information required by this section in a comprehensible form in such a manner that a client is reasonably able to understand the nature and risks of the investment service and of the specific type of financial instrument that is being offered and, consequently, to take investment decisions on an informed basis.

2. (2)

   That information may be provided in a standardised format.

[Note: article 24(5) of MiFID]

A firm must comply with the rule in COBS 2.2.3R (Disclosure of commitment to the Financial Reporting Council’s Stewardship Code).