FCA investment conduct of business

This Overview provides a guide to Lexis+® UK Financial Services content within the FCA investment conduct of business subtopic, with links to appropriate materials.

Authorised firms in the UK that carry on ‘designated investment business’ or ‘long-term insurance business’ in relation to life policies have to comply with a wide range of high level day-to-day business standards which have been set by the Financial Conduct Authority (FCA) and which the FCA constantly reinforces. These standards apply to various aspects of their relationships with clients including:

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conduct of business obligations
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client categorisation
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communicating with clients
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information about firms
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client agreements
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suitability or appropriateness of investments
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dealing and managing
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underwriting and placing
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preparing and providing product information to clients
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reporting to clients

The standards are set out in the Conduct of Business Sourcebook (COBS). The purpose of the rules is to protect clients and to ensure that they are treated fairly (COBS 1.1.1R and 1.1.1AR). The FCA is keen to ensure that clients are always able to make effective and well-informed choices. The content of COBS

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