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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 .
SRB adviser
As Published: 2009
SRB adviser
78 a firm which carries on the regulated activity of advising on a regulated sale and rent back agreement .
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 .
regular user
As Published: 2001
regular user
(as defined in section 130A(3) 30 of the Act (Market abuse)) a person who is, in relation to a particular market, a reasonable person who regularly deals on that market in investments of the kind in q…
Investment Ombudsman
As Published: 2001
Investment Ombudsman
the former Ombudsman under the IMRO scheme . 1…
registered friendly society
As Published: 2001
registered friendly society
a friendly society registered under section 7(1)(a) of the Friendly Societies Act 1974 or any enactment which it replaced, including any registered branches. 5…
with-profits insurance business
As Published: 2004
with-profits insurance business
7 the business of effecting or carrying out with-profits insurance contracts .
group capital resources requirement
As Published: 2004
group capital resources requirement
12 in relation to an undertaking in INSPRU 6.1.17R 20 , that undertaking's group capital resources requirement as calculated in accordance with INSPRU 6.1.33R 20 .
tender offer
As Published: 2005
tender offer
(in LR ) an offer by a company to purchase all or some of a class of its listed equity securities at a maximum or fixed price (that may be established by means of a formula) that is: (a) communicated…
acting as trustee of an authorised unit trust scheme
As Published: 2001
acting as trustee of an authorised unit trust scheme
4 the regulated activity , specified in article 51(1)(b) of the Regulated Activities Order (Establishing etc a collective investment scheme), of acting as a trustee of an authorised unit trust scheme…
callable contribution
As Published: 2004
callable contribution
18 amounts that members are liable to pay to the Society (or may by resolution of the Society be liable to pay) as contributions to the Central Fund .
scope of basic advice
As Published: 2007
scope of basic advice
57 the basis on which a firm gives basic advice on stakeholder products , that is, with reference to the stakeholder products of one, or more than one, stakeholder product provider.