INMA 9A.1.12 Relevant investment contracts — when cancellation rights can be exercised
(1) A retail customer may exercise a cancellation right under this Part in relation to a relevant investment made by an INMA firm with or for the customer only during the cancellation period for the investment.
(2) For a relevant investment, the cancellation period:
(a) starts on the later of the following:
(i) the day the INMA firm gives the retail customer the statement required by CIPR, rule 5.3.2 (1) (d) (Investment advice for retail customers — general requirements);
(ii) the day the INMA firm gives the retail customer a key information document required by CIPR, rule 5.4.2 (Key information documents to be given to retail customers);
(iii) if the INMA firm is required to give the retail customer a confirmation note by rule 9A.1.1 in relation to the relevant investment — the day the firm gives the confirmation note to the customer; and
(b) ends at the end of 14 days after that day.
|Inserted by QFCRA RM/2019-4 (as from 1st January 2020).|