The contents of this Module, unless otherwise stated, apply to Category 1, Category 2 and Category 3 investment firm licensees. The requirements in this Module must, however, be treated as guidance for Category 3 investment firm licensees , except for Paragraphs HC-1.1.3, HC-2.2.3, HC-2.3.3, HC-3.1.6, HC-7.1.1, HC-8.1.1, HC-9.1.1 and HC-9.1.2, which must be treated as Rules.