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statutory auditor
As Published: 2008
statutory auditor
67 a statutory auditor as that term is defined in section 1210 of the Companies Act 2006.
retail banking service
As Published: 2009
retail banking service
74 an arrangement with a banking customer , under which a firm agrees to accept a deposit from a banking customer on terms to be held in an account for that customer, and to provide services in relati…
establishing, operating or winding up an unregulated collective investment scheme
As Published: 2001
establishing, operating or winding up an unregulated collective investment scheme
establishing, operating or winding up a collective investment scheme if the scheme is an unregulated collective investment scheme . 4…
scheme property
As Published: 2001
scheme property
(a) (in relation to an ICVC ) the property subject to the collective investment scheme constituted by it; (b) (in relation to an AUT ) the capital property and the income property . 5…
CAD bank
As Published: 2001
CAD bank
a bank which uses the Capital Adequacy Directive to measure the capital requirement on its trading book. 3…
pension transfer specialist
As Published: 2001
pension transfer specialist
an individual appointed by a firm to check the suitability of a pension transfer or pension opt-out who has passed the required examinations as 57 specified in TC 57 . 5…
regulatory current liabilities
As Published: 2004
regulatory current liabilities
29 (in relation to a with-profits fund ) the regulatory current liabilities of the with-profits fund calculated in accordance with 46 INSPRU 1.1.30R 46 .
synthetic future
As Published: 2001
synthetic future
(a) a synthetic bought future, that is, a bought call option coupled with a written put option ; or (b) a synthetic sold future, that is, a bought put option coupled with a written call option ;provid…
tier three capital
As Published: 2006
tier three capital
26 an item of capital that is upper tier three capital or lower tier three capital .
Zone A credit institution
As Published: 2002
Zone A credit institution
(in ELM ) a full BCD credit institution or a full credit institution that has its registered office (or, if it has no registered office, its head office) in a Zone A country that is not an EEA State .
electricity
As Published: 2001
electricity
(a) electricity in any form, including electricity as deliverable through the Balancing and Settlement Code ; (b) any right that relates to electricity, for example the right under a contract or other…
banking sector
As Published: 2004
banking sector
13 a sector composed of one or more of the following entities: (a) a credit institution ; (b) a financial institution ; and (c) an 23 ancillary services undertaking that is not an ancillary insurance…
FSA scheme
As Published: 2001
FSA scheme
the former scheme operated by the FSA under paragraph 4 of Schedule 7 to the Financial Services Act 1986 for the investigation of complaints arising out of the conduct of investment business. 1…
Money Advice Service
As Published: 2011
Money Advice Service
73 the consumer financial education body ( CFEB ) established by the FSA under section 6A(1) of the Act (Enhancing public understanding of financial matters etc).
EMPS 2.1 These provisions have been moved to the Supervision Manual (SUP 21)
As Published: 2001
EMPS 2.1 These provisions have been moved to the Supervision Manual (SUP 21)
…
unauthorised person
As Published: 2001
unauthorised person
a person who is not an authorised person . 2…
assessable mutual
As Published: 2004
assessable mutual
21 (for the purposes of 37 INSPRU 1.4 37 ) a mutual where the insurance business carried on by the mutual is limited to the provision of insurance business to its members and whose articles of associa…