Are the limbic and subcortical regions of the brain the same?

'Subcortical structures' are areas of the brain below the cortex, which is the outermost layer (i.e., the grey matter). The limbic system is one example of a subcortical structure - although technically it isn't just one structure. The limbic system actually consists of a number of key areas related to sensory integration, learning, memory, emotionality, and decision-making. See: http://en.wikipedia.org/wiki/Limbic_system