manufacturer

1. (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]

1. (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
2. (3) (in relation to PROD 1.7 and PROD 7) a firm which manufactures funeral plan products for sale to customers.148