Related provisions for SUP 10C.12.10

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PERG 2.9.22GRP
313This exclusion applies to a person with a Part 4A permission to carry on the activity of managing an AIF or managing a UCITS. The exclusion means that activities carried on by the person in connection with, or for the purposes of, managing a UCITS or (as the case may be) managing an AIF, are excluded from being regulated activities (except the activities of managing an AIF and managing a UCITS themselves). In the FCA's view this is particularly likely to affect the following
MCOB 5.6.106RRP
(1) Where additional features are included in accordance with MCOB 5.6.92 R and these are credit facilities that do not meet the definition of a regulated mortgage contract or a regulated credit agreement10, the relevant parts of Section 12 of the illustration must include the following text:'This additional feature is not regulated by the FCA'.1(2) Where additional features are included in accordance with MCOB 5.6.92 R and these are credit facilities that meet the definition