Topic 20 Flashcards
Who are the eligible counterparties
Governments, central banks and financial institutions
What level of protection do Eligible counterparties receive
Lowest level of investor protection
Which one from eligible or professional clients receive higher level of service
Professional clients receive higher level of service than eligible counterparties
Who receives highest level of investor protection
Retail clients
Where is the financial promotions defined in the hand book
COBS as an invitation or inducement to engage in investment activity
Where should charges be be explained
Part of the initial disclosure to a customer
What info must be provided to a client at offset by an adviser
Contact info. Communication, authorisation, advice type, investment management, charging,
What should a SR include
Lock in period during an investment cannot be encashed, clear concise and written in plain English
What is the timescale for a SR to be issued in case of life policies
Before the transaction concluded
What is the SR requirements for PP or stakeholder where cancellations apply
No later than 14th day after the contract concluded
Cancellation period for life and pension policies, pure protection contract or payment protection
30 days
Cancellation period for investments or deposits, other insurance
14 days
