TC App 1.1 Activities and Products/Sectors to which TC applies subject to TC Appendices 2 and 31
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1Activity |
Products/Sectors |
Is there an appropriate qualification4requirement? 4 |
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Designated investment business carried on for a retail client |
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Providing basic advice |
1. |
Stakeholder products excluding a deposit-based stakeholder product |
No |
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Advising |
2. |
Securities which are not stakeholder pension schemes, personal pension schemes7 or broker funds |
Yes |
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3. |
Yes2 |
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4. |
Packaged products which are not broker funds |
Yes2 |
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5. |
Friendly Society life policies where the employee is not reasonably expected to receive a remuneration of greater than £1000 a year in respect of such sales |
No2 |
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6. |
Friendly Society tax-exempt policies |
Yes2 |
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7. |
Yes2 |
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8. |
Investments in the course of corporate finance business |
Yes2 |
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9. |
Yes2 |
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Undertaking the activity in column 2 |
10. |
Yes |
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11. |
Yes2 |
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Advising and dealing |
12. |
Securities which are not stakeholder pension schemes, personal pension schemes7 or broker funds |
Yes |
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13. |
Yes2 |
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4Dealing |
13A.8 |
Securities which are not stakeholder pension schemes, personal pension schemes7 or broker funds |
No |
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No |
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13C. |
No |
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Managing |
14. |
Yes |
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Overseeing on a day-to-day basis |
15. |
Operating a collective investment scheme or undertaking the activities of a trustee or depositary of a collective investment scheme |
Yes |
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16. |
Safeguarding and administering investments or holding client money |
Yes2 |
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17. |
Administrative functions in relation to managing investments |
Yes2 |
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18. |
Administrative functions in relation to effecting or carrying out contracts of insurance which are life policies |
Yes2 |
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19. |
Administrative functions in relation to the operation of stakeholder pension schemes |
Yes2 |
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Regulated mortgage activity and reversion activity carried on for a customer |
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Advising |
20. |
Regulated mortgage contracts for a non-business purpose |
Yes |
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21. |
Yes2 |
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Designing scripted questions for non-advised sales |
22. |
Yes |
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Overseeing non-advised sales on a day-to-day basis |
23. |
Yes |
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Non-investment insurance business carried on for a consumer |
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Advising |
24. |
No |
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3 Regulated sale and rent back activity carried on for a customer |
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Advising |
25. |
No |
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Overseeing non-advised saleson a day-to-day basis |
26. |
No |
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Notes: |
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1. |
In the Appendix the heading and types of business specified in the headings are to be read in conjunction with the paragraphs appearing beneath them. |
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2. |
Thus, for example, paragraph 24consistent with the heading above it3, refers only to advice on non-investment insurance contracts given to a consumer. 3 |
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