manufacturer
- (1) (in relation to PROD 1.3 and PROD 3) a firm which creates, develops, issues, and/or designs investments, including when advising corporate issuers on the launch of new investments.127
[Note: recital 15 to the MiFID Delegated Directive]
- (2) (in relation to ICOBS 6.-1.5R, ICOBS 6 Annex 3R paragraph 1.1R, PROD 1.4 and PROD 4 ) a firm which manufactures contracts of insurance for sale to customers.127