Introduction to FSA's Conduct of Business Rules

Explain the application and purpose of the COBS Sourcebook
Provide an understanding of what is required under the “Client’s Best Interest Rule” especially in the light of more principles based regulation
Describe a firm’s obligations in relation to their communications with clients, and the scope and remit of the duty to communicate with clients in a way that is fair, clear and not misleading
Explain the client categorisation rules, and how the COBS Sourcebook applies to different categories of client
Give an overview of the Best Execution and Transaction Reporting requirements contained in COBS, and the FSA’s current position on these
Provide practical advice on the rule on inducements
Describe the application of the suitability and appropriateness rules