MAR 4.4 Exceptions

MAR 4.4.1R

This chapter is subject to the following exceptions:

  1. (1)

    this chapter does not require an authorised professional firm to contravene any rule or principle of, or requirement of a published guidance note relating to, professional conduct applying generally to members of the profession regulated by its designated professional body;

  2. (2)

    this chapter does not prevent an authorised professional firm from providing professional advice, that is, in accordance with section 327(8) of the Act, advice:

    1. (a)

      which does not constitute carrying on a regulated activity; and

    2. (b)

      the provision of which is supervised and regulated by a designated professional body;

  3. (3)

    this chapter does not have effect in relation to an authorised professional firm in respect of non-mainstream regulated activity; and

  4. (4)

    this chapter does not apply to:

    1. (a)

      a UCITS qualifier; or

    2. (b)

      an incoming EEA firm which has permission only for cross border services and which does not carry on regulated activities in the United Kingdom.