Main
>
Legal Framework
>
11.1. Application
FINANCIAL SERVICES LEGISLATION
RULES
CONDUCT OF BUSINESS RULES
Guidance: Purpose of this rulebook
SCHEDULE 1: TRANSACTION RECORDS
SCHEDULE 2: KEY INFORMATION AND CONTENT OF CLIENT AGREEMENT
SCHEDULE 3: TRADE CONFIRMATION
SCHEDULE 4: PERIODIC STATEMENTS
SCHEDULE 5: FINANCIAL PROMOTIONS
Entire Act

11.1. Application

11.1.1. General application

Subject to COB 11.1.2, an Insurance Intermediary licensed by the AFSA to provide Insurance Intermediation must comply with the Rules in this COB 11, in respect of both Contracts of Insurance and Takaful Contracts.

11.1.2. Professional Clients and Market Counterparties

An Insurance Intermediary providing Insurance Intermediation for a Market Counterparty is only required to comply with COB 8.5 and 11.3.1, 11.7.1, 11.7.2.

An Insurance Intermediary providing Insurance Intermediation for a Professional Client is required to comply with COB 8.5 and 11.2.1, 11.3., 11.4, 11.5.1, 11.5.3, 11.6.1, 11.7.

An Insurance Intermediary may propose both Contracts of Insurance and Takaful Contracts to its Clients, as long as they provide clear information to enable their Clients to make informed choices.