ICOB 8.5 Cancellation requirements
The provisions of ICOB 6 (Cancellation) apply in respect of a distance non-investment mediation contract with a retail customer as they do in respect of a general insurance contract concluded by distance means, with the amendments listed in ICOB 8.5.2 R.
Table of amended cross-references to rules in ICOB 6. This table belongs to ICOB 8.5.1 R.
Rule or guidance |
Reference in rule or guidance |
To be read as a reference to: |
ICOB 8.3.3 R (11) |
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ICOB 5.3.4 R, ICOB 5.3.6 R (1) or ICOB 5.3.6 (1) ICOB 5.3.8 R |
ICOB 8.3.1 R (1) and ICOB 8.3.1 R (2), ICOB 8.3.6 R (1)(c) and ICOB 8.3.6 R (2) |
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ICOB 8.3.1 R (1) and ICOB 8.3.1 R (2), ICOB 8.3.6 R (1)(c) and ICOB 8.3.6 R (2) |
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ICOB 8.3.1 R (1) and ICOB 8.3.1 R (2), ICOB 8.3.6 R (1)(c) and ICOB 8.3.6 R (2) |
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ICOB 8.3.3 R (11) |
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ICOB 8.3.3 R (11) |
The effect of ICOB 8.5.1 R is that, among other things, the retail customer will have a 14 day period within which he may cancel the contract from the day the contract is concluded or the day on which he receives the contractual terms and conditions and information in a durable medium in accordance with ICOB 8.3.1 R, whichever is the later.