GEN 1.1 Application
[Note: ESMA has also issued guidelines under article 16(3) of the ESMA Regulation covering various topics relating to automated trading and direct electronic access.
See http://www.fsa.gov.uk/static/pubs/other/esma-guidelines.pdf]- (1)
This chapter applies to every firm. GEN 1.3 (Emergency) also applies to an unauthorised person to whom a rule in the Handbook applies.1
- (2)
For a UCITS qualifier, this chapter applies only with respect to the communication and approval of financial promotions to whichCOBS 4 (Communicating with clients, including financial promotion)3 applies and to the maintenance of facilities to which COLL 9.4 (Facilities in the United Kingdom) applies3.2
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GEN 1.1.1 R (2) reflects section 266 of the Act (Disapplication of rules).