distribute

(1) (in relation to PROD 1.1.3R, PROD 1.3 and PROD 3) offering, recommending or selling an investment or providing an investment service to a client.
[Note: recital 15 to the MiFID Delegated Directive]
(2) (in relation to ICOBS 1, ICOBS 6B, an overseas non-investment insurance product, PROD 1.4 and PROD 4) advising on or proposing a contract of insurance to a customer.
(3) (in relation to PROD 1.4.3AG, 1.4.3BR and 1.4.3CG, PROD 1.6.1R and PROD 6) arranging a funeral plan contract or a default option.
(4) (in relation to PROD 1.7 and PROD 7) advising on or proposing a funeral plan contract.
(5) (in PRIN) in relation to a retail customer, offering, selling, recommending, advising on, arranging, dealing, proposing or providing a product (including a renewal).
For the purposes of this definition retail customer has the same meaning as in PRIN.
(6) (in ESG) in relation to a client, offering, selling, recommending, advising on, arranging, dealing, proposing or providing a sustainability product or a recognised scheme (including an ETF that is a recognised scheme).
(7) (in COBS 6, COBS 13, COBS 14, COLL 9 and DISC):
1. (a) in relation to an authorised person, means to carry on any of the following activities:
  1. (i) selling, or offering to sell, an investment to an investor;
  2. (ii) dealing, or arranging a deal in an investment with or for an investor where the investor is to enter into the deal as buyer;
  3. (iii) advising an investor on the merits of entering an investment, including making a personal recommendation to enter the investment; or
  4. (iv) providing targeted support involving a recommendation of an investment;
2. (b) (in DISC only) in relation to an unauthorised person, means to carry on any of the designated activities specified by regulation 5(1)(b), (c) and (d) of the Consumer Composite Investments Regulations.