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ICOB 8.1 Application and purpose

Application: who? and what?

ICOB 8.1.1 R

This chapter applies to an insurance intermediary in relation to a distance non-investment mediation contract with a retail customer.

Purpose

ICOB 8.1.2 G

The purpose of ICOB 8is to set out the rules that apply in relation to a distance non-investment mediation contract.

ICOB 8.1.3 G

This chapter implements articles 3, 5, 6, 7 and 9 of the Distance Marketing Directive1 for distance non-investment mediation contracts with retail customers.

1
ICOB 8.1.4 G

As ICOB 1.7.3 G(4) indicates, the FSA expects the requirements set out in ICOB 8 to be relevant only in a small minority of cases.