COBS Sch 2 Notification requirements
1Handbook reference |
Matters to be notified |
Contents of notification |
Trigger event |
Time allowed |
Appointment of policyholder advocate. |
The terms on which the firm proposes to appoint a policyholder advocate. |
Proposal to appoint policyholder advocate. |
As soon as reasonably practicable |
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Breach of COBS 21.3.5 R |
Any failure to meet the requirements of COBS 21.3.5 R |
Breach of COBS 21.3.5 R |
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The decision of a firm's governing body to depart from the advice or recommendation of the with-profits committee or advisory arrangement. |
A description of: (1) the decision of, and reasons given by, the firm's governing body; (2) the recommendation and advice of the with-profits committee or advisory arrangement; together with a copy of the firm's records of the decision, reasons, advice and recommendations. |
The with-profits committee or advisory arrangement considers that the issue is sufficiently significant and requests of the governing body that the FSA be informed. |
As soon as reasonably practicable |