Related provisions for SYSC 13.10.2

ICOBS 5.1.4G01/10/2013

A firm should bear in mind the restriction on rejecting claims (ICOBS 8.1.1R (3)). Ways of ensuring a customer knows what he must disclose include:4(1) explaining to a commercial customer4 the duty to disclose all circumstances material to a policy, what needs to be disclosed, and the consequences of any failure to make such a disclosure; 4(2) ensuring that the commercial customer4 is asked clear questions about any matter material to the insurance undertaking;444(3) explaining

PERG 5.8.4G06/04/2016

Advice about contracts of insurance will come within the regulated activity in article 53(1)2 of the Regulated Activities Order only if it relates to a particular contract of insurance. So, generic or general advice will not fall under article 53(1)2. In particular:(1) advice would come within article 53(1)2 if it took the form of a recommendation that a person should buy the ABC Insurers motor insurance;(2) advice would not relate to a particular contract if it consists of a

SUP 10A.4.4R29/06/2018

FCA controlled functions

Part 1 (FCA controlled functions for FCA-authorised persons and appointed representatives)
Type	CF	Description of FCA controlled function
FCA governing functions*	1	Director function
	2	Non-executive director function
	3	Chief executive function
	4	Partner function
	5	Director of unincorporated association function
	6	Small friendly society function
FCA required functions*	8	Apportionment and oversight function
	10	Compliance oversight function
	10A	CASS operational oversight function
	11	Money laundering reporting function
	7	7 1
	7	7 1
Systems and controls function*	28	Systems and controls function
Significant management function*	29	Significant management function
Customer-dealing function 3 3	30	Customer function
*FCA significant-influence functions

Part 2 (FCA controlled functions for PRA-authorised persons) (See Note 1)
Type	CF	Description of FCA controlled function
4 FCA governing functions*	1	Director function (see Note 2)
	42a	Chair of the nomination committee function(See Note 2 36)
	42b	Chair of the with-profits committee function(See Note 2 36)
	63	Chief executive function (see Note 3A)
	45	Director of an unincorporated association function 5 (See Note 2 3B6)
	66	Small friendly society function (see Note 3C)
		6 4
	10	Compliance oversight function
	10A	CASS operational oversight function
	11	Money laundering reporting function
	7	7 1
	7	7 1
	451	Actuarial conduct function (third country) (see Note 4)
4 Systems and controls function*	28	Systems and control function (see Note 5)
Significant management function*	29	Significant management function
Customer-dealing function	30	Customer function
*FCA significant-influence functions
4Note 1: Part 2 of this table does not apply to appointed representatives of PRA-authorised persons, Part 1 applies instead. (See SUP 10A.4.2R.)
4Note 2:Solvency II firms (including large non-directive insurers) and small non-directive insurers 6.
Note 3:Solvency II firms (including large non-directive insurers) only.6 4
6Note 3A:small non-directive insurers only.
6Note 3B:Solvency II firms (including large non-directive insurers) and small non-directive insurers.
6Note 3C:small non-directive insurers and large non-directive insurers only.
4Note 4: Third country insurance or reinsurance undertakings which are Solvency II firms only.
4Note 5: Only Solvency II firms that are: (a) third-country insurance or reinsurance undertakings; or (b) ISPVs.

ICOBS 4.2.6G01/01/2016

Insurers cannot carry on an insurance mediation activity in respect of a third party’s products unless they can show a natural fit or necessary connection between their insurance business and the third party’s products (see the restriction of business in INSPRU 1.5.13 R and rule 9 of the PRA Rulebook: Solvency II firms: Conditions Governing Business1).

GENPRU 2.2.214R22/04/2016

The amount to be deducted with respect to each material insurance holding is the higher of:(1) the book value of the material insurance holding; and(2) the solo capital resources requirement for the insurance undertaking or insurance holding company in question calculated in accordance with:19(a) for an insurer that is a Solvency II firm, the PRA Rulebook: Solvency II Firms; and19(b) for an insurer other than in (a), the PRA Rulebook: Non-Solvency II Firms. 19

FEES 4.4.9D01/04/2013

3To the extent that a firm4 has provided the information required by FEES 4.4.7 D to the FCA as part of its compliance with another provision of the Handbook, it is deemed to have complied with the provisions of that direction.444

SUP App 3.6.6G01/01/2016

An insurance undertaking that effects contracts of insurance covering risks or commitments situated in another EEA State should comply with the notification procedures for the provision of services within that EEA State. The location of risks and commitments is found by reference to the rules set out in paragraph 6 of schedule 12 to the Act, which derive from article 13(13) and (14) of the Solvency II Directive.4 It may be appropriate for insurers to take legal advice as to how

ICOBS 3.2.8R06/01/2008

The requirements relating to the placing and receipt of orders do not apply to contracts concluded exclusively by exchange of e-mail or by equivalent individual communications.[Note: article 10(4) and 11(3) of the E-Commerce Directive]

SYSC 22.9.5G07/03/2017

(1) SYSC 22.9.1R applies to keeping records created before the date this chapter came into force as well as ones created afterwards.(2) A full scope regulatory reference firm does not breach the requirements of this chapter by failing to include something in a reference because it destroyed the relevant records before the date this chapter came into force in accordance with the record keeping requirements applicable to it at the time of destruction.

ICOBS 6.4.12G01/10/2015

(1) When explaining the implications of a change, a firm should explain any changes to the benefits and significant or unusual exclusions arising from the change.(2) Firms will need to consider whether mid-term changes are compatible with the original policy, in particular whether it reserves the right to vary premiums, charges or other terms. Firms also need to ensure that any terms which reserve the right to make variations are not themselves unfair under the Unfair Terms Regulations

MIPRU 3.1.1R01/08/2016

62(1) [deleted]6(1A) Subject to the exceptions in (3) to (8), this chapter applies to a firm with Part 4A permission to carry on any of the following activities:6(a) insurance mediation activity;6(b) home finance mediation activity; and6(c) MCD article 3(1)(b) credit intermediation activity.6(2) [deleted]61515(3) In6 relation to insurance mediation activity, this chapter does not apply to a firm if another authorised person which has net tangible assets of more than £10 million

Related provisions for SYSC 13.10.2

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