FCA Handbook - TC App 1 TC Appendix 1

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TC App 1.1 Activities and Products/Sectors to which TC applies subject to TC Appendices 2 and 3

Activity	Products/Sectors		Is there an appropriate qualification requirement?
Designated investment business carried on for a retail client
Providing basic advice	1.	Stakeholder products excluding a deposit-based stakeholder product	No
Providing targeted support	1A.	Providing targeted support on designated investments (other than pure protection contracts) and structured deposits	No
Advising or giving personal recommendations (as relevant)	2.	Giving personal recommendations on securities which are not stakeholder pension schemes, personal pension schemes or broker funds	Yes
	3.	Giving personal recommendations on derivatives	Yes
	4.	Giving personal recommendations on retail investment products which are not broker funds	Yes
	5.	Giving personal recommendations on Friendly Society life policies where the employee is not reasonably expected to receive a remuneration of greater than £1000 a year in respect of such sales	No
	6.	Giving personal recommendations on Friendly Society tax-exempt policies (other than Holloway sickness policies where the Holloway policy special application conditions are met)	Yes
	7.	Giving personal recommendations on long-term care insurance contracts	Yes
	8.	Giving personal recommendations on investments in the course of corporate finance business	Yes
	9.	Advising on syndicate participation at Lloyd's	Yes
	9A.	Advising on P2P agreements	Yes
Undertaking the activity in column 2	10.	Broker fund adviser	Yes
Undertaking the activity in column 2	11.	Pension transfer specialist	Yes
Giving personal recommendations and dealing	12.	Giving personal recommendations on and dealing in securities which are not stakeholder pension schemes, personal pension schemes or broker funds	Yes
Giving personal recommendations and dealing	13.	Giving personal recommendations on and dealing in derivatives	Yes
Dealing	13A.	Securities which are not stakeholder pension schemes, personal pension schemes or broker funds	No
Dealing	13B.	Derivatives	No
MiFID business bidding	13C	emissions auction products	No

Managing	14.	Investments	Yes
Overseeing on a day-to-day basis	15.	Operating a collective investment scheme or undertaking the activities of a trustee or depositary of a collective investment scheme	Yes
	16.	Safeguarding and administering investments or holding client money	Yes
	17.	Administrative functions in relation to managing investments	Yes
	18.	Administrative functions in relation to effecting or carrying out contracts of insurance which are life policies	Yes
	19.	Administrative functions in relation to the operation of stakeholder pension schemes	Yes
Mortgage Activity and reversion activity carried on for a customer
Advising; arranging (bringing about) an execution-only sale, excluding variations to an existing home finance transaction except where the effect is to change all or part of the home finance transaction from one interest rate to another. See Note 3, which for the avoidance of doubt forms part of this rule.	20	Regulated mortgage contracts for a non-business purpose	Yes
	20A	Regulated mortgage contracts for a business purpose	No
	21	Equity release transactions	Yes
Designing scripted questions for execution-only sales	21A	Regulated mortgage contracts for a non-business purpose	Yes
	21B	Regulated mortgage contracts for a business purpose	No
	22	Equity release transactions	Yes
Overseeing execution-only sales on a day-to-day basis	23.	Equity release transactions	Yes
MCD credit agreement activities carried on for consumers
manufacturing	23A	an MCD credit agreement	No
entering into a regulated mortgage contract or entering into a regulated credit agreement as lender	23B	an MCD credit agreement	No
arranging (bringing about) regulated mortgage contracts or acting as an MCD credit broker	23C	an MCD credit agreement	No
advising on a regulated mortgage contract or advising on a regulated credit agreement for the acquisition of land	23D	an MCD credit agreement	No
directly managing or supervising employees who carry on any of the MCD credit agreement activities 23A to 23D	23E	an MCD credit agreement	No
[Note: article 9(1) of the MCD]
Non-investment insurance business carried on for a consumer
Giving personal recommendations	24.	Giving personal recommendations on non-investment insurance contracts	No
Regulated sale and rent back activity carried on for a customer
Advising	25.	Regulated sale and rent back agreement s	No
Overseeing an execution-only sale on a day-to-day basis	26.	Regulated sale and rent back agreements	No
Regulated funeral plan activity carried on for a customer
Dealing in investments as agent	27	Funeral plan contracts	No
Arranging (bringing about) deals in investments	28	Funeral plan contracts	No
Making arrangements with a view to transactions in investments	29	Funeral plan contracts	No
Managing investments	30	Funeral plan contracts	No
Safeguarding and administering investments	31	Funeral plan contracts	No
Sending dematerialised instructions	32	Funeral plan contracts	No
Causing dematerialised instructions to be sent	33	Funeral plan contracts	No
Advising on investments	34	Funeral plan contracts	No
Entering as provider into a funeral plan contract	35	Funeral plan contracts	No
Carrying out a funeral plan contract as provider	36	Funeral plan contracts	No
Agreeing to carry on a regulated activity	37	Funeral plan contracts	No
Notes:
1.	In the Appendix the heading and types of business specified in the headings are to be read in conjunction with the paragraphs appearing beneath them.
2.	Thus, for example, paragraph 24, consistent with the heading above it, refers only to personal recommendations given in relation to non-investment insurance contracts given to a consumer.
2-A.	The provision of targeted support services is covered by activity number 1A. References in this table to giving personal recommendations do not include providing targeted support, except to the extent that it is beyond the scope of activity number 1A. Activity number 1A includes employees engaged in either or both of the design and delivery of targeted support services.
2A.	In relation to activity number 9A, see TC 2.1.5HR and TC 2.1.6R(2). There is no qualification for this activity in the list of qualifications set out in TC Appendix 4E. However, the effect of TC 2.1.5HR is that an employee advising on P2P agreements must be qualified to the same standard as if that employee were providing investment advice to retail clients on retail investment products.
3.	For the purpose of product numbers 20, 20A and 21 the activity of arranging (bringing about) referred to in the activity column: (a) includes activity which would be arranging (bringing about) but for the exclusion in article 28A of the Regulated Activities Order; and (b) does not include activities which taken on their own would not fall within the definition of that activity. For these purposes no account should be taken of the fact that for an activity to be a regulated activity it must be carried on by way of business (see PERG 4.3).
4.	In this Appendix, paragraphs 23A, 23B, 23C, 23D and 23E relate to the implementation of article 9(1) of the MCD. The specified activities do not, in and of themselves, attract a qualification requirement. However, where those activities overlap with those specified under the heading "mortgage activity and reversion activity carried on for a customer", qualification requirements may apply.