Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  2. Point in time
    2012-11-02

PERG 8.19 Additional restriction on the promotion of life policies

PERG 8.19.1GRP

Article 10 of the Financial Promotion Order (Application to qualifying contracts of insurance) precludes any of the exemptions from applying to a financial promotion which invites or induces a person to enter into a life policy with a person who is not:

  1. (1)

    an authorised person; or

  2. (2)

    an exempt person who is exempt in relation to effecting or carrying out contracts of insurance of the class to which the promotion relates; or

  3. (3)

    a company with its head office or a branch or agency in another EEA State and which is entitled to carry on in that country the class of insurance business being promoted; or

  4. (4)

    a company authorised in one of the following countries or states to carry on the class of insurance business being promoted:

    1. (a)

      Guernsey; or

    2. (b)

      the Isle of Man; or

    3. (c)

      Pennsylvania; or

    4. (d)

      Iowa;

    5. (e)

      Jersey.

COBS 4.9.4 R 1imposes a similar restriction on authorised persons concerning their communicating or approving financial promotions in the precluded circumstances.

1