7 - Core Regulatory Principles and Rules Flashcards Preview

CII: R01 2020-21 > 7 - Core Regulatory Principles and Rules > Flashcards

Flashcards in 7 - Core Regulatory Principles and Rules Deck (2)
Loading flashcards...
1

exemptions to initial disclosure

- execution only transactions in non life products
- if the information had already been given and is still valid
- initial communication took place via telephone (though this must be followed up in writing)

2

FCA record keeping requirements

client agreements kept:
- indefinitely for pension transfers
- 5 years or duration of the relationship (whichever is greater) for most other forms of business