INDI 1.1.5 Customer-facing function

An individual performs the customer-facing function for an authorised firm if he or she carries on 1 or more of the following regulated activities with or for customers in or from the QFC:

(a) dealing in investments (that is, the regulated activity described in FSR, Schedule 3, Part 2, paragraph 4);
(b) managing investments (that is, the regulated activity described in FSR, Schedule 3, Part 2, paragraph 10);
(c) advising on investments (that is, the regulated activity described in FSR, Schedule 3, Part 2, paragraph 11);
(d) arranging deals in investments (that is, the regulated activity described in FSR, Schedule 3, Part 2, paragraph 5);
(e) insurance mediation (that is, the regulated activity described in the Insurance Mediation Business Rules 2011, rule 1.2.2).

Note Insurance mediation is a regulated activity if carried on by way of business — see the Insurance Mediation Business Rules 2011, rule 1.2.3.

Derived from QFCRA RM/2014-5 (as from 1st January 2015)