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secured debt
As Published: 2001
secured debt
a debt fully secured on: 28 19 (a) assets whose value at least equals the amount of debt; or 28 19 (b) a letter of credit or guarantee from an approved counterparty . 5 28 19…
Electing Participants Regulations
As Published: 2004
Electing Participants Regulations
the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001 (SI 2001/1783).
MAD Investment Recommendations Directive
As Published: 2007
MAD Investment Recommendations Directive
44 The Commission Directive of 22 December 2003 implementing the Market Abuse Directive as regards the fair presentation of investment recommendations and the disclosure of conflicts of interest (No.
relevant office-holder
As Published: 2001
relevant office-holder
a relevant office-holder as defined in section 189 of the Companies Act 1989, which is in summary: (a) the official receiver; (b) (in relation to a company) any person acting as its liquidator, provis…
specific costs
As Published: 2001
specific costs
management expenses other than base costs and establishment costs . 4…
actuarial investigation
As Published: 2004
actuarial investigation
21 an investigation to which IPRU-INS rule 9.4 applies.
non-discretionary investment manager
As Published: 2004
non-discretionary investment manager
(in FINMAR and 37 in relation to firm type in SUP 16.10 (Confirmation of standing data)) 37 a person who, acting only on behalf of a client , manages designated investments in an account or portfolio…
credit quality step
As Published: 2006
credit quality step
48 a credit quality step in a credit quality assessment scale as set out in BIPRU 3.4 (Risk weights under the standardised approach to credit risk) and BIPRU 9 (Securitisation).
approved stock lending transaction
As Published: 2004
approved stock lending transaction
21 a stock lending transaction in respect of which the conditions in 37 INSPRU 3.2.36 R 37 have been met.
intermediate holding vehicle
As Published: 2007
intermediate holding vehicle
71 a company , trust or partnership but not a collective investment scheme , whose purpose is to enable the holding of overseas 74 immovables on behalf of a non-UCITS retail scheme or a qualified inve…
multiplication factor
As Published: 2006
multiplication factor
40 (in BIPRU 7.10 (Use of a value at risk model)) a multiplication factor applied to a VaR measure for the purpose of calculating the model PRR made up of the minimum multiplication factor as increase…
defined liquidity group
As Published: 2009
defined liquidity group
57 a DLG by default or DLG by modification .
shared appreciation mortgage
As Published: 2003
shared appreciation mortgage
15 a regulated mortgage contract , a condition of which is that the mortgage lender will receive a share in any increase in value in the mortgaged property when the customer either sells the property…
TC Sch 3 Fees and other required payments
As Published: 2007
TC Sch 3 Fees and other required payments
…
Consolidated Life Directive information
As Published: 2007
Consolidated Life Directive information
56 (in COBS ) the Consolidated Life Directive information ( COBS 13 Annex 1 ).
investment firm
As Published: 2001
investment firm
(1) any person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional b…
constable
As Published: 2001
constable
a police officer in the United Kingdom or a person commissioned by the Commissioners for HM Revenue and Customs. 30…
third-country competent authority
As Published: 2004
third-country competent authority
13 the authority of a country or territory which is not an EEA State that is empowered by law or regulation to supervise (whether on an individual or group-wide basis) regulated entities .
CIU look through method
As Published: 2006
CIU look through method
48 one of the standard CIU look through method or the modified CIU look through method .
transaction report
As Published: 2001
transaction report
a report of a transaction which meets the requirements of SUP 17.4.1 EU .1 R and SUP 17.4.2 R (Information to appear in transaction reports). 29…