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Non-mainstream regulated activities (p0)

Discussion in 'Practice modules' started by claire3000006, May 9, 2012.

  1. claire3000006

    claire3000006 Member

    In unit 8 section 5 page 8 says:

    '... but only in respect of a restricted range of exempt or non-mainstream regulated activities. Such activities must... not be conducted for individual clients, but rather for business clients'

    whereas page 9 says:

    '... if it wishes to conduct non mainstream regulated activities. These are generally activities which involve advice to individuals...'

    Can anyone explain?
     
    claire3000006, May 9, 2012
    #1
  2. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    confusing

    Yes - I agree. The definition of mainstream seems to switch during the chapter. My understanding is that the dodgy stuff to individuals etc is "non-exempt" and is "mainstream". Whereas the stuff to business customers is "exempt" and "non-mainstream". If in doubt just use exempt and non-exempt and keep away from the word mainstream (unless of course the institute use that word in the multi choice question?) Hope this helps.
     
    Colin McKee, May 14, 2012
    #2

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