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FX exposure
As Published: 2002
FX exposure
(in ELM ) (in relation to an ELMI ) its net FX open position multiplied by 8%, calculated in accordance with ELM 3.4 (Foreign exchange risk). 4…
standard terms
As Published: 2001
standard terms
(in DISP ) the contractual terms made under paragraph 18 of Schedule 17 to the Act (The Ombudsman Scheme), under which VJ participants participate in the Voluntary Jurisdiction . 5 22…
BIPRU 1 Annex 2D Application form to apply the IRB approach
As Published: 2007
BIPRU 1 Annex 2D Application form to apply the IRB approach
…
home finance provider
As Published: 2006
home finance provider
8 a firm with permission (or which ought to have permission ) for entering into a home finance transaction .
non-retail communication
As Published: 2007
non-retail communication
23 a financial promotion and: (a) is made only to recipient who the firm reasonably believes are professional clients or eligible counterparties ; or (b) may reasonably be regarded as directed only at…
significant influence function
As Published: 2001
significant influence function
any of the controlled functions 1 to 12B, and 28 and 29 62 in the table of controlled functions . 5…
CTF
As Published: 2004
CTF
24 (as defined in section 1(2) of the Child Trust Funds Act 2004) a child trust fund, that is, an account which: (1) is held by a child who is or has been an eligible child (as defined in section 2 of…
authorised UK representative
As Published: 2001
authorised UK representative
4 (in relation to a firm ) a person resident in the United Kingdom who is authorised to act generally, and to accept service of any document , on behalf of the firm .
commodity PRR
As Published: 2006
commodity PRR
48 the part of the market risk capital requirement calculated in accordance with BIPRU 7.4 (Commodity PRR) or, in relation to a particular position , the portion of the overall commodity PRR attributa…
investment firm consolidation waiver
As Published: 2006
investment firm consolidation waiver
52 a waiver (described in BIPRU 8.4 (CAD Article 22 groups and investment firm consolidation waiver)) that disapplies certain requirements so far as they apply on a consolidated basis with respect to…
linked fund
As Published: 2007
linked fund
29 a real or notional account to which an insurer appropriates linked assets for the purposes of their being permitted links , and which may be subdivided into units, the value of each of which is det…
securitisation credit default swap PRR method
As Published: 2006
securitisation credit default swap PRR method
45 the method for calculating the specific risk portion of the interest rate PRR for credit default swaps that are securitisation positions set out in BIPRU 7.11.39 R to BIPRU 7.11.53 R .
higher rate of return
As Published: 2007
higher rate of return
15 (in COBS ) the higher rate of return described in paragraph 2.3 of the projection rules ( COBS 13 Annex 2 ).
backtesting exception
As Published: 2006
backtesting exception
23 (in BIPRU 7.10 (Use of a value at risk model)) an exception (excluding a specific risk backtesting exception ) arising out of backtesting a VaR model as more fully defined in BIPRU 7.10.103 R .
unrecognised scheme
As Published: 2005
unrecognised scheme
(in LR ) a collective investment scheme which is neither a recognised scheme nor a scheme that is constituted as an authorised unit trust scheme . 12…
equity release provider
As Published: 2006
equity release provider
31 a firm with permission (or which ought to have permission ) for: (a) entering into a regulated mortgage contract (when carried on in relation to a lifetime mortgage ); or (b) entering into a home r…
permitted immovable
As Published: 2001
permitted immovable
any interest in land or buildings 48 which falls within COLL 5.6.18 R (2) and COLL 5.6.18 R (6) (Investment in property) and which, being a leasehold interest or its equivalent, has an unexpired term…
SIFA
As Published: 2003
SIFA
the Handbook Guide: "Using the FSA Handbook: an Overview for small IFA firms" 17…
position risk requirement
As Published: 2006
position risk requirement
43 a capital requirement applied to a position treated under BIPRU 7 (Market risk) as part of the calculation of the market risk capital requirement or, if the relevant provision of the Handbook disti…