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concentration risk capital component
As Published: 2006
concentration risk capital component
48 the part of the credit risk capital requirement calculated in accordance with BIPRU 10.5.20 R (How to calculate the concentration risk capital component).
large company
As Published: 2001
large company
a body corporate which does not qualify as a small company under section 247 of the Companies Act 1985 2 , or section 382 of the Companies Act 2006 as applicable. 33…
defined benefit scheme
As Published: 2007
defined benefit scheme
41 in relation to a director , means a pension scheme which is not a money purchase scheme .
issuer exposure
As Published: 2006
issuer exposure
52 (for the purposes of BIPRU 10 (Concentration risk requirements)) has the meaning in BIPRU 10.4.5 R (Definition of issuer exposures).
Consolidated Life Directive
As Published: 2003
Consolidated Life Directive
the Council Directive of 5 November 2002 on the taking-up and pursuit of the business of life assurance (No 2002/83/EC), which consolidates the provisions of the First , Second and Third Life Directiv…
interim income allocation date
As Published: 2001
interim income allocation date
any date specified in the prospectus of an authorised fund as the date on or before which an allocation of income will be made. 5…
CESR recommendations
As Published: 2005
CESR recommendations
the recommendations for the consistent implementation of the European Commission's Regulation on Prospectuses No 809/2004 published by the Committee of European Securities Regulators. 31…
EEA commodities market
As Published: 2003
EEA commodities market
a market that facilitates trading in derivatives relating to commodities (other than a market operated by an RIE ) and which is operated by an entity that has its head office situated in the EEA and t…
Financial Services Compensation Scheme Limited
As Published: 2001
Financial Services Compensation Scheme Limited
the body corporate established by the FSA under section 212 of the Act (The scheme manager) to administer the compensation scheme . 2…
Ombudsman Transitional Order
As Published: 2004
Ombudsman Transitional Order
the Financial Services and Markets Act 2000 (Transitional Provisions) (Ombudsman Scheme and Complaints Scheme) Order 2001 (SI 2001/2326).
net earned premiums
As Published: 2004
net earned premiums
13 gross earned premiums , less reinsurance premiums earned.
leading insurer
As Published: 2001
leading insurer
(in relation to a community co-insurance operation ) has the same meaning as in the Community Co-Insurance Directive . 2…
management company
As Published: 2006
management company
42 means a company as defined in article 1a(2) of Council Directive 85/611/EEC of 20 December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for…
normally resident
As Published: 2003
normally resident
6 (in MCOB ) normally resident; for the purposes of this definition: (a) an individual (whether or not acting as trustee) is to be treated as normally resident in the country which he indicates is his…
permitted stock lending
As Published: 2007
permitted stock lending
59 in relation to permitted links , a stock lending transaction (including a repo transaction) that satisfies INSPRU 3.2.36A R to INSPRU 3.2.42 G (inclusive).
net FX open currency position
As Published: 2002
net FX open currency position
(in ELM ) (in relation to an ELMI ) the ELMI's net open foreign currency position as calculated in accordance with ELM (Calculation of FX exposure). 3…
approve
As Published: 2001
approve
4 (in relation to a financial promotion ) approve the content of the financial promotion for the purposes of section 21 of the Act (Restrictions on financial promotion).
innovative tier one capital resources
As Published: 2004
innovative tier one capital resources
32 the amount of capital resources at stage C of the capital resources table (Innovation tier one capital) 52 .
standardised deterministic projection
As Published: 2007
standardised deterministic projection
61 a projection which is either a generic projection or a personal projection produced in accordance with the assumptions contained in COBS 13 Annex 2 .