Printer Friendly View View as PDF Email Link to this page Related Documents Manage Alerts
Combined View
Combined View / PRIN / 3 / 2

Click here to view amending instruments for this sectionPRIN 3.2 What?

PRIN 3.2.1A
4PRIN applies with respect to the carrying on of:
(2) activities that constitute dealing in investments as principal, disregarding the exclusion in article 15 of the Regulated Activities Order (Absence of holding out etc); and
PRIN 3.2.2
PRIN also applies with respect to the communication and approval of financial promotions which:
(1) if communicated by an unauthorised person without approval would contravene section 21(1) of the Act (Restrictions on financial promotion); and
(2) may be communicated by a firm without contravening section 238(1) of the Act (Restrictions on promotion of collective investment schemes).
PRIN 3.2.2A
4PRIN 1 Annex 1, PRIN 3.4.1 R and PRIN 3.4.2 R do not apply with respect to the carrying on of credit-related regulated activities.
PRIN 3.2.3
Principles 3, 4 and (in so far as it relates to disclosing to the appropriate regulator) 11 (and this chapter) also:
(1) apply with respect to the carrying on of unregulated activities (for Principle 3 this is only in a prudential context); and
(2) take into account any activity of other members of a group of which the firm is a member.