Disclosure to Retail Clients on Activities from Non-UK Establishments


This Chapter:

  1. (1) subject to (2), applies to every firm and with respect to every regulated activity, in any communication:
    1. (a) made to:
      1. (i) (in relation to a non-investment insurance contract) a consumer;
      2. (ii) (in relation to a home finance transaction) a customer; or
      3. (iii) (in all other cases) a retail client; and
    2. (b) in connection with a regulated activity carried on from an establishment of the firm (or its appointed representative) that is not in the UK;
  2. (2) does not apply to:
    1. (a) [deleted.]
    2. (b) [deleted.]
    3. (c) a third country firm to the extent that the firm is subject to equivalent rules;
    4. (d) MiFID or equivalent third country business.


If the firm indicates that it is a PRA-authorised person it must also, where relevant, and with equal prominence, indicate in writing that in some or all respects the regulatory system applying will be different from that of the UK. The firm may also indicate the protections and complaints or compensation arrangements available under another relevant system of regulation.


A firm need not provide the information required by 6.2 if it has already provided it in writing to the customer to whom the communication is made.