P

Product Producer (Investment Service)
The following entities and classes of entities are product producers:
a) authorised investment business firms (other than restricted activity investment product intermediaries or certified persons);
b) credit institutions authorised in accordance with Directives 77/780/EEC of 12 December 1977 and 89/646/EEC of 15 December 1989;
c) in relation to investment business firms and credit institutions authorised to carry on business in a state other than a Member State, such branches of those firms or institutions as the supervisory authority approves from time to time;
d) collective investment undertakings authorised under the law of a Member State of the European Communities to market units in collective investments to the public, and to the managers of such undertakings;
e) investment companies with fixed capital as defined in Article 15(4) of Council Directive 77/91/EEC of 13 December 1976 the securities of which are listed or dealt in on a regulated market in a Member State; and
f) the Prize Bond Company Limited, or any successor to it as operator of the Prize Bond scheme.

Product Producer (Mortgage Business)
A mortgage lender or other mortgage intermediary (e.g. bank, building society or retail credit firm) which has issued an appointment to a mortgage intermediary to act as an intermediary on their behalf in relation to mortgage business.

Professional Investor Fund
A professional investor scheme is a category of non-UCITS collective investment scheme authorised by the Financial Regulator. A professional investor scheme has a minimum subscription requirement of €125,000.