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    2024-01-31

COBS 21.1 Application

COBS 21.1.1RRP

1The rules in this section apply on an ongoing basis to insurers who effect4 G1980linked long-term contracts.5

COBS 21.1.-1AR

6Where this chapter sets out conditions or requirements in relation to conditional permitted links, those conditions or requirements also apply in relation to any conditional permitted links that a linked fund invests in via permitted units.

Limit to the application of COBS 21.3

COBS 21.1.1AR

3COBS 21.3 (Further rules for firms engaged in linked long-term insurance business) applies only in respect of linked long-term contracts of insurance where the investment risk is borne by a policyholder who is a natural person.