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professional client
As Published: 2006
professional client
a client that is either a per se professional client or an elective professional client (see COBS 3.5.1 R ). 46 [Note: article 4(1)(12) of MiFID ]. 46…
relevant financial services company
As Published: 2002
relevant financial services company
(in ELM ) an investment firm or credit institution . 8 39…
undertaking
As Published: 2001
undertaking
(as defined in section 1161(1) of the Companies Act 2006 28 (Meaning of "undertaking" and related expressions)): (a) a body corporate or partnership ; or (b) an unincorporated association carrying on…
payment institution
As Published: 2009
payment institution
71 226 an authorised payment institution , an EEA authorised payment institution or a small payment institution . [Note: articles 4(4) and 26(3) of the Payment Services Directive ]…
Part 30 exemption order
As Published: 2001
Part 30 exemption order
an order under regulation 30.10 of the General Regulations under the US Commodity Exchange Act, issued by the Commodity Futures Trading Commission on 15 May 1989, granting a person exemption from the…
class 1 transaction
As Published: 2005
class 1 transaction
(in LR and FEES 35 ) a transaction classified as a class 1 transaction under LR 10 . 31…
related undertaking
As Published: 2004
related undertaking
29 in relation to an undertaking ("U"): (a) any subsidiary undertaking of U; or (b) any undertaking in which U or any of U's subsidiary undertakings holds a participation; or (c) any undertaking linke…
credit equalisation provision
As Published: 2004
credit equalisation provision
27 the provision required to be established by INSPRU 1.4.43R 48 .
greenshoe option
As Published: 2005
greenshoe option
13 (as defined in Article 2 of the Buy-back and Stabilisation Regulation ) an option granted by the offeror in favour of the investment firm(s) or credit institution(s) involved in the offer for the p…
major subsidiary undertaking
As Published: 2005
major subsidiary undertaking
(in LR ) a subsidiary undertaking that represents 25% or more of the aggregate of the gross assets or profits (after deducting all charges except taxation) of the group . 28…
e-money electronic device
As Published: 2002
e-money electronic device
an electronic device referred to in paragraph (a) of the definition of electronic money and any other device that a holder of electronic money uses to hold or to spend or otherwise use his electronic…
general client bank account
As Published: 2001
general client bank account
a client bank account that holds client money of one or more clients and which is not: (a) a designated client bank account ; or (b) a designated client fund account . 4…
retail investment adviser
As Published: 2011
retail investment adviser
101 an employee who carries on activities 2, 3, 4, 6, 12 and 13 in TC Appendix 1.1.1 R .
inception
As Published: 2007
inception
67 in relation to permitted links , refers to the time when the liability of the insurer under a linked long-term contract of insurance commenced.
interested party
As Published: 2001
interested party
(in relation to an application made under section 60 of the Act (Applications for approval)): (a) the firm making the application; (b) the person in respect of whom the application is being made ("A")…
certificate representing equity securities
As Published: 2005
certificate representing equity securities
(in LR ) a certificate representing certain securities where the certificate or other instrument confers rights in respect of equity securities . 31…
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
As Published: 2001
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
the regulated activity , specified in article 57 of the Regulated Activities Order (Managing the underwriting capacity of a Lloyd's syndicate), of managing the underwriting capacity of a Lloyd's syndi…
venture capital trust
As Published: 2005
venture capital trust
(in LR ) a company which is, or which is seeking to become, approved as a venture capital trust under section 842AA of the Income and Corporation Taxes Act 1988. 6…