manufacture

1. (1) (in relation to PROD 1.3 and PROD 3) creating, developing, issuing and/or designing an investment, including when advising corporate issuers on the launch of new investments.

[Note: recital 15 to the MiFID Delegated Directive]

1. (2) (in relation to PROD 1.4 and PROD 4) creating, developing, designing and/or underwriting a contract of insurance.
2. (3) (in relation to COBS 19, PROD 1.6 and PROD 6) creating, developing, designing, issuing, operating and/or underwriting a pathway investment or a default option.

3. (4) (in relation to PROD 1.7 and PROD 7) any of:

   1. (a) creating;
   2. (b) developing;
   3. (c) designing; and/or
   4. (d) entering as provider into a funeral plan contract and/or carrying out a funeral plan contract as provider,

   a funeral plan product.

4. (5) (in PRIN)
   1. (a) creating, developing, designing, issuing, managing, operating, carrying out, or (for insurance or credit purposes only) underwriting a product; or
   2. (b) in relation to a closed product or an existing product:
      1. (i) having created, developed, designed or issued the product; or
      2. (ii) currently managing, operating, carrying out, or (for insurance or credit purposes only) underwriting the product.
5. (6) (in COBS 6.1ZA, COBS 13, COLL, DISC and the Investment Funds sourcebook) in relation to an authorised person, to create, develop, design, issue, manage, operate or carry out a consumer composite investment, including making, or being able to make, changes to a term, condition or feature of a consumer composite investment.

(7) (in DISConly) in relation to an unauthorised person, to carry on the designated activity specified by regulation 5(1)(a) of the Consumer Composite Investments Regulations.