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Non-mainstream regulated activities (p0)

C

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?
 
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.
 
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