Home FCA Handbook PROD PROD 6 PROD 6.2 Manufacture of pathway investments
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PROD 6.2 Manufacture of pathway investments

01/02/2021R

A manufacturer must review its pathway investments at least annually to ensure that the pathway investments:

  1. (1)

    remain consistent with the needs, characteristics and objectives of their identified target market, taking into account the investment pathway options in COBS 19.10.17R(1); and

  2. (2)

    are being distributed to their target market.

01/02/2021G

A firm to which the record-keeping rules in SYSC 3 (Systems and controls) or SYSC 9 (Record-keeping) apply should maintain, in relation to its manufacture of pathway investments, a record of the process undertaken to approve each pathway investment, and of the review conducted for each pathway investment to comply with PROD 6.2.1R.