ICOBS 1.1 The general application rule

1This sourcebook applies to a firm with respect to the following activities carried on in relation to a non-investment insurance contract from an establishment maintained by it, or its appointed representative, in the United Kingdom:

1. (1)

   an insurance distribution activity2;

2. (2)

   effecting and carrying out contracts of insurance;

3. (3)

   managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's;

4. (4)

   communicating or approving a financial promotion;

and activities connected with them.

The general application rule is modified in ICOBS 1 Annex 1 according to the type of firm (Part 1), its activities (Part 2), and its location (Part 3).

The general application rule is also modified in the chapters of this sourcebook for particular purposes, including those relating to the type of firm, its activities or location, and for purposes relating to connected activities.