COB 7.5.2
(1) An Insurance Intermediary or Insurance Manager must, subject to (3), disclose to a Client if:
(a) it has a direct or indirect holding representing 10% or more of the voting rights or capital in an insurer; or
(b) an insurer, or its parent undertaking, has a direct or indirect holding representing 10% or more of the voting rights or capital in the Insurance Intermediary or Insurance Manager .
(2) The disclosures in (1) must be made before providing Insurance Intermediation or Insurance Management services to the Client .
(3) An Insurance Manager is not required to make a disclosure under (1) to an insurer to whom it provides Insurance Management services.
Derived from DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]