Evolution of Module
PB-A.2.1
This Module was first issued in April 2006 by the BMA, as part of the first phase of Volume 4 (Investment Business) to be released. Any material changes that have subsequently been made to this Module are annotated with the calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.
Amended: January 2007PB-A.2.2
When the CBB replaced the BMA in September 2006, the provisions of this Module remained in force. Volume 4 was updated in July 2007 to reflect the switch to the CBB; however, new calendar quarter dates were only issued where the update necessitated changes to actual requirements.
Added: July 2007PB-A.2.3
A list of recent changes made to this Module is provided below:
Module Ref. Change Date Description of Changes PB-A.1 07/2007 New Rule PB-A.1.3 introduced, categorising this Module as a Directive. PB-1.1.1 07/2007 Small expansion of Principle 1 to refer to disclosure of all relevant information to customers, as required by CBB Regulations and Directives. PB-A.1.3 01/2011 Clarified legal basis. PB-A.2.4
Guidance on the implementation and transition to Volume 4 (Investment Business) is given in Module ES (Executive Summary).
