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
3. (4) (in PRIN) a firm which158:
   1. (a) creates, develops, designs, issues, manages, operates, carries out, or (for insurance or credit purposes only) underwrites a product; or158
   2. (b) in relation to a closed product or an existing product:158
      1. (i) created, developed, designed or issued the product; or158
      2. (ii) manages, operates, carries out, or (for insurance or credit purposes only) underwrites the product.158
4. (5) (in relation to COBS 19, PROD 1.6 and PROD 6) a firm which creates, develops, designs, issues, operates and/or underwrites a pathway investment or a default option.160