123the MiFID 2 Guide
123the MiFID 2 Guide
2the FSA/OFT Joint Guidance on Payment Protection Products.
a designated investment , which is not the property of the firm, but for which the firm, or any nominee company controlled by the firm or by its associate, is accountable; which has been paid for in full by the client ; and which ceases to be a safe custody investment when the firm has disposed of it in accordance with a valid instruction.5
a direction waiving or modifying a rule, given by the appropriate regulator37 under section 138A of the Act (Modification or waiver of rules) or by the FCA under sections37 250, 261L24 or 294 of the Act (Modification or waiver of rules37) or regulation 7 of the OEIC Regulations (see SUP 8 and REC 3.3).3
(in COLL) a valuation point fixed by the authorised fund manager11 for the purpose of COLL 6.3.4 R11 (Valuation points) or COLL 8.5.9 R11 (Valuation, pricing and dealing11) or, in the case of a regulated money market fund, the applicable requirements of article 29 to article 32 of the Money Market Funds Regulation19.
(in relation to a recognised body) the facilities and services which it provides in the course of carrying on exempt activities2. References126 to the use of the facilities of an RIE or RAP59 are to be construed as follows:25
29(in relation to the IRB approach and the sovereign, institutional and corporate IRB exposure class and in accordance with BIPRU 4.4.8R) a risk category within a rating system's obligor rating scale, to which obligors are assigned on the basis of a specified and distinct set of rating criteria, from which estimates of PD are derived.
129(in FEES 9) The Payment Card Interchange Fee Regulations 2015 (SI 2015/1911).
(as defined in article 3(1) of the Regulated Activities Order (Interpretation)) an enterprise into which two or more persons ("the participators") enter for commercial purposes related to a business or businesses (other than the business of engaging in a regulated activity) carried on by them; where a participator is a member of a group, each other member of the group is also to be regarded as a participator in the enterprise. 1
23(in relation to the advanced IRB approach and the sovereign, institutional and corporate IRB exposure class and in accordance with BIPRU 4.4.49 R) a risk category within a rating system's facility scale to which exposures are assigned on the basis of a specified and distinct set of rating criteria from which own estimates of LGDs are derived.
(in relation to an EEA State) a professional organisation which:
(in relation to an EEA State) a body which:
151the Investment Bank Special Administration Regulations 2011 (SI 2011/245).