distributor

(1) (in relation to 131 PROD 1.3 and PROD 3) a firm which offers, recommends or sells investments or provides investment services to clients.121[Note: recital 15 to the MiFID Delegated Directive](2) (in relation to PROD 1.4 and PROD 4) a firm which advises on or proposes contracts of insurance which it does not manufacture.121(3) (in relation to PROD 1.7 and PROD 7) a firm which advises on or proposes funeral plan contracts which it does not manufacture.141