Transcription of Chapter 3 Client categorisation - FCA Handbook
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Chapter 3 Client categorisation - FCA Handbook
Conduct of Business SourcebookChapter 3 Client categorisationCOBS 3 : Client categorisationSection : Release 26l Feb 3 scope of this Chapter is the same as that of the rules in the Handbook towhich it Chapter relates to parts of the Handbook whose application depends onwhether a person is a Client , a retail Client , a professional Client or an eligiblecounterparty. However, it does not apply to the extent that another part ofthe Handbook provides for a different approach to Client categorisation . Forexample, a separate approach to Client categorisation is set out in thedefinition of a retail Client for a firm that gives basic to n COBS and n COBS , in this Chapter provisions marked UK apply to a firm s business other than MiFID business as if they sections in this Chapter on general notifications (n COBS ) and policies,procedures and records (n COBS ) do not apply in relation to a firm that isneither:(1) conducting designated investment business; nor(2) in the case of MiFID or equivalent third country business providing anancillary service that does not constitute designated a firm conducts business for a Client involving both:(1) MiFID or equivalent third country business; and(2) other regulated activities subject to this
COBS 3 : Client categorisation Section 3.3 : General notifications 3 3.3.1 R 3.3.1A UK 3.3.1B R 3.3.2 G COBS 3/6 www.handbook.fca.org.uk Release 14 Dec 2021 3.3 General notifications [deleted] Articles 45(1) and (2) of theMiFID Org Regulationrequirefirmsto provide clientswith specified information concerningclientcategorisation. 45(1)Investment firms shall notify new …
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