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bearer certificate
As Published: 2001
bearer certificate
4 12 (in COLL and CIS ) a certificate or other documentary evidence of title, for which provision is made in the instrument constituting the scheme , which indicates that: (a) the holder of the docume…
Gibraltar Order
As Published: 2001
Gibraltar Order
the Financial Services and Markets Act 2000 (Gibraltar) Order 2001 (SI 2001/3084). 3…
Consumer Panel
As Published: 2001
Consumer Panel
the panel of persons which section 10of the Act (The Consumer Panel) requires the FSA to establish and maintain, as part of its arrangements for consultation under section 8, to represent the interest…
introducer appointed representative
As Published: 2001
introducer appointed representative
an appointed representative appointed by a firm whose scope of appointment is limited to: 30 (a) effecting introductions; and (b) distributing non-real time financial promotions . 5…
class tests
As Published: 2005
class tests
(in LR ) the tests set out in LR 10 Annex 1 (and for certain specialist companies, those tests as modified by LR 10.7 ), which are used to determine how a transaction is to be classified for the purpo…
FIT
As Published: 2001
FIT
the part of the Handbook in High Level Standards which has the title the Fit and Proper test for Approved Persons. 2…
core provision
As Published: 2001
core provision
(as defined in section 316(3) of the Act (Direction by Authority)) a provision of the Act mentioned in section 317 of the Act (The core provisions) which applies to the carrying on of an insurance mar…
retail investment
As Published: 2004
retail investment
(a) a life policy ; or 19 (b) a unit ; or 19 (c) a stakeholder pension scheme ; or 19 (ca) a personal pension scheme ; or 40 (d) an interest in an investment trust savings scheme ; or 19 (e) a structu…
commission equivalent (equivalent)
As Published: 2004
commission equivalent (equivalent)
25 the cash payments, benefits and services listed in COB 5.7.16 E which satisfy the criteria in COB 5.7.5 R (2) .
solicited real time financial promotion
As Published: 2001
solicited real time financial promotion
(in accordance with article 8 of the Financial Promotion Order ) a real time financial promotion which is solicited, that is, it is made in the course of a personal visit, telephone call or other inte…
UK consolidated group
As Published: 2002
UK consolidated group
(in ELM ) (in relation to an ELMI ) the consolidated sub-group of: (a) the ELMI's UK financial parent undertaking ; or (b) (if the ELMI has no UK financial parent undertaking and the ELMI is a UK dome…
non-EEA insurer
As Published: 2004
non-EEA insurer
13 an insurer whose head office is not in an EEA State .
limitation
As Published: 2001
limitation
2 a limitation incorporated in a Part IV permission under section 42(7)(a)of the Act (Giving permission) or section 45(4)of the Act (Variation etc on the Authority's own initiative).
non-discretionary management agreement
As Published: 2001
non-discretionary management agreement
an agreement for the non-discretionary management of investments : (a) under which the firm agrees to conduct a regular review of the suitability of the client's account or portfolio, based on an asse…
annual accounting period
As Published: 2001
annual accounting period
4 13 (1) (in CIS ) a period determined in accordance with CIS 9.2.1 R (Accounting period); 30 (2) (in COLL ): the period determined in accordance with COLL 6.8.2 R (3) to COLL 6.8.2 R (7) (Accounting…
approved immovable
As Published: 2001
approved immovable
4 an interest in any land or building which satisfies the conditions in CIS 5A.8.5 R (Approved immovables).
syndicate ICA
As Published: 2004
syndicate ICA
19 the capital assessment performed by a managing agent under the overall Pillar 2 rule , GENPRU 1.5.1R(1), INSPRU 7.1 and INSPRU 1.1.57R(1) 45 in respect of each syndicate managed by it.