funds supermarket service

a service consisting of the provision by a firm of regulated activities for a customer which consists of arranging (bringing about) deals in investments and safeguarding and administering investments with particular reference to regulated collective investment schemes where:

1. (a) the schemes are managed by other firms;
1. (b) the customer's units are held under arrangements in which their legal title is held by a nominee company; and
1. (c) the service relates to schemes offered by several product providers, at least one of whom is not an affiliated company of another provider.