‹ COBS 7.3.1 General Obligation COBS 7.4 Client's Duty of Disclosure › Guidance A communication addressed to a Professional Client may not need to include the same information, or be presented in the same way as, a communication addressed to a Retail Client. ‹ COBS 7.3.1 General Obligation COBS 7.4 Client's Duty of Disclosure ›