Home FCA Handbook COBS COBS 11 COBS 11.1 Application
You are viewing COBS 11.1 Application as of . COBS 11.1 Application was last updated on 23/10/2025. Future Versions: 25/10/2027

COBS 11.1 Application

General application

01/11/2007R

This chapter applies to a firm.

23/10/2025G

Certain provisions in this chapter require firms to provide clients with information ‘in good time’. Guidance on the provision of information ‘in good time’ can be found in COBS 1.4.2G.

Application of section on personal account dealing

23/10/2025R

The section on personal account dealing applies to the designated investment business of a firm in relation to activities carried on from an establishment in the United Kingdom.

Disapplication of best execution for non-financial spreads

03/01/2018R

The section on best execution (COBS 11.2A) does not apply to a firm when:

  1. (1)

    executing orders: or

  2. (2)

    placing orders with other entities for execution: or

  3. (3)

    transmitting orders to other entities for execution;

in relation to a spread-bet which is not a financial instrument, where the firm has not made a personal recommendation in relation to that spread-bet.

Disapplication of best execution to CIS operators purchasing or selling own units

03/01/2018R

The section on best execution (COBS 11.2 or COBS 11.2B, as applicable) does not apply to a firm when, acting in the capacity of operator of a regulated collective investment scheme, it purchases or sells units in that scheme.