MAR 4.4 Exceptions
This chapter is subject to the following exceptions:
- (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)
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:
- (a)
which does not constitute carrying on a regulated activity; and
- (b)
the provision of which is supervised and regulated by a designated professional body;
- (a)
- (3)
this chapter does not have effect in relation to an authorised professional firm in respect of non-mainstream regulated activity; and
- (4)
this chapter does not apply to:
- (a)
a UCITS qualifier; or
- (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.
- (a)