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MCOB 5A.6 Other information

21/03/2016R
  1. (1)

    A firm may provide information to the consumer in addition to that contained in the ESIS.

  2. (2)

    A firm must provide the additional information in (1) in a separate document.

  3. (3)

    A firm may annexe the separate document in (2) to the ESIS.

[Note: article 14(8) of the MCD]

21/03/2016R
  1. (1)

    Where a firm issues an ESIS in relation to an MCD lifetime mortgage, the firm must simultaneously issue the consumer with a document in a durable medium containing the statements and warnings set out in the following rules, as modified by (2) below, as if the mortgage was an MCD exempt lifetime mortgage: MCOB 9.4.33 R, MCOB 9.4.35 R, MCOB 9.4.62 R, and MCOB 9.4.63 R only.

  2. (2)

    The document issued under (1) must contain the prescribed section headings but need not contain section numbers or otherwise comply with the format of an illustration.

21/03/2016G

Firms are reminded of their general obligation for communications to customers to be fair, clear and not misleading.