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qualifying debt security
As Published: 2002
qualifying debt security
(1) (for the purposes of ELM ) a security falling into ELM 3.3.9R (Liquid assets). 10 (2) (for the purposes of BIPRU ) a debt security that satisfies the conditions in BIPRU 7.2.49 R (Definition of a…
UCITS firm
As Published: 2003
UCITS firm
a firm which: (a) is the operator of a UCITS scheme including where in addition the firm is also the operator of a collective investment scheme which is not a UCITS scheme ; and (b) does not have a Pa…
net leverage
As Published: 2004
net leverage
13 the ratio of total assets, less those bought under reverse repo arrangements, to total equity.
limited licence firm
As Published: 2006
limited licence firm
22 has the meaning set out BIPRU 1.1.12 R (Types of investment firm: Limited licence firms).
INSPRU Sch 3 Fees and other requirement payments
As Published: 2006
INSPRU Sch 3 Fees and other requirement payments
…
Transparency Directive
As Published: 2006
Transparency Directive
28 29 the European Parliament and Council Directive on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated m…
statutory money purchase illustration
As Published: 2007
statutory money purchase illustration
61 an annual illustration of the contributions made for the benefit of, and the potential benefits due to, a member of a personal pension scheme , which is prepared in accordance with the Personal Pen…
systems and controls function
As Published: 2001
systems and controls function
5 controlled functions CF28 62 in the table of controlled functions , described more fully in SUP 10.8.1 R 62 .
home purchase administrator
As Published: 2006
home purchase administrator
8 a firm with permission (or which ought to have permission ) for administering a home purchase plan .
financial collateral simple method
As Published: 2006
financial collateral simple method
23 the method for calculating the effects of credit risk mitigation described in those parts of BIPRU 5.4 (Financial collateral) that are expressed to apply to that method.
individual savings account
As Published: 2001
individual savings account
an account which is a scheme of investment satisfying the conditions prescribed in the ISA Regulations . 5…
life and annuity
As Published: 2001
life and annuity
(in relation to a class of contract of insurance ) the class of contract of insurance , specified in paragraph I of Part II of Schedule 1 to the Regulated Activities Order (Contracts of long-term insu…
scheme pension
As Published: 2005
scheme pension
a scheme pension, as defined in paragraph 2 of Schedule 28 to the Finance Act 2004, which is in summary a pension payable until a pension scheme member's death, or until the later of the member's deat…
Capital Requirements Regulations 2006
As Published: 2006
Capital Requirements Regulations 2006
50 the Capital Requirements Regulations 2006 (SI 2006/3221).
scheme report
As Published: 2001
scheme report
(in SUP 18 ) the report on the terms of an insurance business transfer scheme required by section 109 of the Act (Scheme reports). 4…
key features scheme
As Published: 2005
key features scheme
6 7 a scheme that is not: (a) a simplified prospectus scheme ; (b) a qualified investor scheme ; or (c) a recognised scheme under section 264 of the Act (Schemes constituted in other EEA States). 2…
investment transaction
As Published: 2001
investment transaction
a transaction to buy , sell , subscribe for or underwrite a security or contractually based investment . 5…
regulated activity debt
As Published: 2004
regulated activity debt
an obligation to pay a sum due and payable under an agreement, the making or performance of which constitutes or is part of a regulated activity carried on by an individual who: (a) is, or has been, a…