Investment Research Expert Witness Ltd
The Investment Research Partnership
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COB rules (up to October 2007)
Items routinely held are listed in black type. Those in red type may also be available so please contact us on enquiries@ir-
APER 1.2 Purpose
APER 2.1 The Statement of Principle
APER 3.3 Factors relating to Statements of Principle 5 to 7
APER 4.1 Statement of Principle 1
APER 4.2 Statement of Principle 2
APER 4.3 Statement of Principle 3
APER 4.4 Statement of Principle 4
APER 4.5 Statement of Principle 5
APER 4.6 Statement of Principle 6
APER 4.7 Statement of Principle 7
PRIN 2.1 The Principles
COB 1 General application
COB 1.1 Application and Purpose
COB 1.2 General application: who?
COB 1.3 General application: what?
COB 1.4 General Application: where?
COB 1.5 Application to Occupational pension scheme firms ('OPS firms')
COB 1.6 Application to stock lending activity, corporate finance business, oil market activity and energy market activity
COB 1.7 Appointed representatives
COB 1.8 Application to electronic media
COB 1.9 Application in relation to electronic commerce activities and communications
COB 1.10 Application of the Distance Marketing Directive and the Distance Marketing Regulations
COB 1.11 Application of COB in relation to deposits
COB 2 Rules which apply to all firms conducting designated investment business
COB 2.1 Clear, fair and not misleading communication
COB 2.2 Inducements and soft commission
COB 2.3 Reliance on others
COB 2.4 Chinese walls
COB 2.5 Exclusion of liability
COB 2.6 General provisions related to distance marketing
COB 3 Financial promotion
COB 3.1 Application: who?
COB 3.2 Application: what?
COB 3.3 Application: where?
COB 3.4 Purpose
COB 3.5 General
COB 3.6 Confirmation of compliance
COB 3.7 Records
COB 3.8 Form and content of financial promotions
COB 3.9 Direct offer financial promotions
COB 3.10 Unsolicited real time financial promotions
COB 3.11 Unregulated collective investment schemes and qualified investor schemes
COB 3.12 Communication and approval of financial promotions for an overseas person or an unauthorised person
COB 3.13 Additional requirements for financial promotions for an overseas long-
COB 3.14 The internet and other electronic media
COB 3 Annex 1 An overview of some of the main exemptions contained in the Financial Promotion Order
COB 3 Annex 2 Contents of Enterprise Investment Scheme particulars
COB 3 Annex 3 Additional contents of Enterprise Investment Scheme particulars (Private Offer of Enterprise Investment
Scheme Shares)
COB 3 Annex 4 Additional guidance on particular types of financial promotion
COB 3 Annex 5 Permitted promotion of unregulated collective investment schemes and qualified investor schemes.
COB 4 Accepting customers
COB 4.1 Client classification
COB 4.2 Terms of business and client agreements with customers
COB 4.3 Disclosing information about services, fees and commission -
COB 4 Annex 1 Exemptions from terms of business requirement
COB 4 Annex 2 Terms of business content -
COB 4 Annex 3 Terms of business content -
COB 4 Annex 4 Initial disclosure document required by COB 4.3.9R(1) ("IDD")
COB 4 Annex 5 Combined initial disclosure document required by COB 4.3.9R(2) ("CIDD")Combined initial disclosure
document ("CIDD")
COB 4 Annex 6 Fees and Commission Statement template and completion notes
COB 4 Annex 7R Identifying the maximum rate of commission (or equivalent), the market average and the example
COB 4 Annex 8 Worked example of commission disclosure in a fees and commission statement
COB 4 Annex 9 Example of a completed fees and commission statement
COB 5 Advising and selling
COB 5.1 Advising on packaged products
COB 5.2 Know your customer
COB 5.3 Suitability
COB 5.4 Customers' understanding of risk
COB 5.5 Information about the firm
COB 5.6 Excessive charges
COB 5.7 Disclosure of charges, remuneration and commission
COB 5.8 Customers introduced to clearing firms by introducing brokers and overseas introducing brokers
COB 5.9 Information about stakeholder pension schemes
COB 5.10 Corporate finance business issues
COB 5 Annex 1 Warrants and derivatives risk warning notice (E)
COB 5 Annex 2 Dealing in securities which may be subject to stabilisation (E)
COB 5A Providing basic advice on stakeholder products
COB 5A.1 Providing basic advice on stakeholder products
COB 5A.2 Disclosure on making first contact: information about services
COB 5A.3 Scope and range of advice on stakeholder products: general
COB 5A.4 Providing basic advice on stakeholder products through scripted questions
COB 5A Annex 1 Sales processes for stakeholder products
COB 6 Product disclosure and the customer's right to cancel or withdraw
COB 6.1 Product disclosure
COB 6.2 Provisions of key features or simplified prospectus
COB 6.3 Post-
COB 6.4 Product disclosure: special situations
COB 6.5 Content of key features and important information: life policies, key features schemes, ISA
and CTF cash deposit components and stakeholder pension schemes
COB 6.6 Projections
COB 6.7 Cancellation and withdrawal
COB 6.8 Insurance contracts: life policies
COB 6.9 With-
COB 6.10 Principles and Practices of Financial Management (PPFM)
COB 6.11 Reporting to with-
COB 6.12 Treating with-
COB 6.13 Process for reattribution of inherited estates
COB 6 Annex 1 Decision trees for stakeholder pension schemes (as required in COB 6.5.8R): text, content and format ®
COB 6 Annex 2 Total expense ratio calculation
COB 6 Annex 3 Portfolio turnover calculation
COB 7 Dealing and managing
COB 7.1 Conflict of interest and material interest
COB 7.2 Churning and switching
COB 7.3 Dealing ahead of investment research
COB 7.4 Customer order priority
COB 7.5 Best execution
COB 7.6 Timely execution
COB 7.7 Aggregation and allocation
COB 7.8 Realisation of a private customer's assets
COB 7.9 Lending to private customers
COB 7.10 Margin requirements
COB 7.11 Non-
COB 7.12 Customer order and execution records
COB 7.13 Personal account dealing
COB 7.14 Programme trading
COB 7.15 Non-
COB 7.16 Investment research
COB 7.17 Investment research recommendations: required disclosures
COB 7.18 Use of dealing commission
COB 8 Reporting to customers
COB 8.1 Confirmation of transactions
COB 8.2 Periodic statements
COB 8A Claims handling
COB 8A.1 Application and purpose
COB 8A.2 Claims handling: general
COB 8A.3 Duties of firms acting on behalf of policyholders
COB 8A.4 Policyholders: performance standards for handling claims
COB 8A.5 Record keeping
COB 9 Client assets
COB 9.1 These provisions have been moved to the Client Assets sourcebook (CASS)
COB 9.2 These provisions have been moved to the Client Assets sourcebook (CASS)
COB 9.3 These provisions have been moved to the Client Assets sourcebook (CASS)
COB 9.4 These provisions have been moved to the Client Assets sourcebook (CASS)
COB 9.5 These provisions have been moved to the Client Assets sourcebook (CASS)
COB 10 Operators of collective investment schemes
COB 10.1 Application
COB 10.2 Application of general COB rules
COB 10.3 Modification of the allocation rule
COB 10.4 Suitability of the portfolio of an unregulated collective investment scheme
COB 10.5 Modification of the best execution rule
COB 10.6 Scheme documents for an unregulated collective investment scheme
COB 10.7 Periodic statements for an unregulated collective investment scheme
COB 11 Trustee and depositary activities
COB 11.1 Application
COB 11.2 Relationship with the scheme
COB 11.3 Packaged products
COB 11.4 Depositaries
COB 11.5 Trustee firms which are not depositaries
COB 11.6 Delegation to a permitted third party.
COB 11.7 Record Keeping
COB 11.8 Proper advice
COB 12 Lloyd's
COB 12.1 Application