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C

Certified high net worth investor

Certified high net worth investor - a person who meets the requirements set out in article 21 of the Promotion of Collective Investment Schemes Order, in article 48 of the Financial Promotion Order or in COBS 4.12B.38R.

Certified sophisticated investor

Certified sophisticated investor - a person who meets the requirements set out in article 23 of the Promotion of Collective Investment Schemes Order, in article 50 of the Financial Promotion Order or in COBS 4.12B.39R.

COBS 4.11.1R(1)

Financial promotion

A financial promotion communicated, or approved or in relation to which the firm has confirmed compliance(subject to exemptions). 

COBS 4.11.1R(2B)

Financial promotion: competence and expertise

Evidence of how the firm has satisfied the competence and expertise requirement in COBS 4.10.9AR

COBS 4.11.2G

Compliance of financial promotions

Firms encouraged to consider recording why a financial promotion is considered compliant.

COBS 4.11.4R

Non-mass market investments: certification of compliance

Certification by the person allocated the compliance oversight function or employees of the firm reporting to and supervised by that person confirming that the financial promotion is compliant with the restrictions in section 238 of the Act and COBS 4.12B, as applicable. Which exemption applies and the reason why that exemption applies. Where the exemption requires a certificate, investor statement, warning or indication, a copy of that certificate, investment statement, warning or indication.

COBS 4.11.5R

Restricted mass market investments: consumer journey

Records of the outcomes of the firm’s categorisation (COBS 4.12A.21R) of retail clients and in relation to appropriateness assessments undertaken (COBS 4.12A.28R)

COBS 4.12A.11R(5) COBS 4.12B.21R(5)

Protection language

Basis for omitting reference to investors being unlikely to be protected in risk warning

COBS 4.12A.22R

Any change to the rules specifying the form and content of the investor statements in COBS 4 Annex 2R to COBS 4 Annex 5R does not affect the continuing validity of a statement complying with the relevant rule in force at the time that it was completed and signed.

COBS 4.12A.44R COBS 4.12B.13R

Risk summaries

Grounds for using an alternative form of risk summary

COBS 4.2.6

The reasonable steps defence to an action for damages

If, in relation to a particular communication or financial promotion, a firm takes reasonable steps to ensure it complies with the fair, clear and not misleading rule, a contravention of that rule does not give rise to a right of action under section 138D of the Act.

Controlled activity

(e) arranging (bringing about) deals in investments (paragraph 4(1));

(f) making arrangements with a view to transactions in investments (paragraph 4(2));

(g) managing investments (paragraph 5);

(i) advising on investments (except P2P agreements) (paragraph 7(1));

Cross-chain bridge

A messaging protocol that enables interoperability between blockchains by holding or storing cryptoassets and creating token representations of the same value on another blockchain, allowing for cross-chain transactions.

Crypto Blackmail Scam

Scammer sends emails or physical mails to victims saying they have personal information about the victim or embarrassing or compromising photos or videos. They scammer then threatens to make these things personal information public unless the victim pays them in cryptocurrency.


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