Following publication by the FSA of its 'Insurance: New Conduct of Business Source Book' (ICOBS), and specifically, the total premium disclosure requirement in sales literature for payment protection insurance (PPI), and similar products, the FSA has issued further guidance and clarification. The FSA maintains that disclosure of the total premium is a fundamental step in the process of ensuring that a customer makes an informed decision and that therefore, disclosure of monthly premium alone is not adequate. It has previously acknowledged that some firms might require time to adjust their practices to reflect this requirement. It had initially given a flexibility period of six months in which firms could make changes in order to ensure they were compliant with this rule. That six month period will end on 15 January 2009.