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Description of problem:
For using python-rhsm to register with Hosted candlepin, we need the following certificates to connect:

/etc/rhsm/ca/candlepin-stage.pem
/etc/rhsm/ca/fakamai-cp1.pem
/etc/rhsm/ca/redhat-uep.pem

These certs are in the subscription-manager rpm, but RHEVH doesn't need that rpm (and it pulls in deps like yum, which we also can't use).  So it would be better to move these from s-m to python-rhsm

0507fb7a6103963f8f9ed4f9e0bb8a934f517124 python-rhsm master 0.96.12+
983fb44fccbf3977ca1ca5d9557503432b791cc5 sub-mgr master 0.96.11+

Verifying Version...
[root@jsefler-onprem-62server ~]# rpm -q python-rhsm subscription-manager
python-rhsm-0.96.12-1.el6.noarch
subscription-manager-0.96.11-1.el6.x86_64

[root@jsefler-onprem-62server ~]# rpm -ql python-rhsm | grep .pem
/etc/rhsm/ca/candlepin-stage.pem
/etc/rhsm/ca/redhat-uep.pem
[root@jsefler-onprem-62server ~]# rpm -ql subscription-manager | grep .pem
[root@jsefler-onprem-62server ~]# 

^^^ Notice the ca certificates are now delivered with the python-rhsm and not the subscription-manager package.

Also note that the /etc/rhsm/ca/fakamai-cp1.pem certificate was removed.  This was really used as part of a test environment and is not necessary in the stage/production environment.

Since the problem described in this bug report should be
resolved in a recent advisory, it has been closed with a
resolution of ERRATA.

For information on the advisory, and where to find the updated
files, follow the link below.

If the solution does not work for you, open a new bug report.

http://rhn.redhat.com/errata/RHBA-2011-1696.html