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reporting accountant
As Published: 2001
reporting accountant
an accountant appointed: (a) by the FSA ; or (b) by a firm , having been nominated or approved by the FSA under section 166 of the Act (Reports by skilled persons); or (c) by an applicant for Part IV…
FX exposure limit
As Published: 2002
FX exposure limit
(in ELM ) (in relation to an ELMI ) the amount by which the ELMI's own funds exceed 3% of its e-money outstandings , calculated in accordance with ELM 3.4 (Foreign exchange risk). 4…
complaints scheme
As Published: 2001
complaints scheme
the arrangements made by the FSA under paragraphs 7 and 8 of Schedule 1 to the Act (The Financial Services Authority) for the investigation of complaints against the FSA arising in connection with the…
relevant financial system
As Published: 2010
relevant financial system
87 (in accordance with section 169A(5) of the Act (Support of overseas regulator with respect to financial stability)) a financial system including: (a) financial markets and exchanges; (b) activities…
feeder fund
As Published: 2001
feeder fund
an AUT that is a relevant pension scheme and dedicated to units in a single regulated collective investment scheme . 2…
disclosure obligations
As Published: 2007
disclosure obligations
39 (in REC ) the initial, ongoing and ad hoc disclosure requirements contained in the relevant articles and given effect: (1) in the United Kingdom by Part 6 of the Act and Part 6 rules (within the me…
FSB Compensation Standards
As Published: 2010
FSB Compensation Standards
47 (in accordance with the definition of "the Implementation Standards" in section 139A(12) of the Act ) the Implementation Standards for Principles for Sound Compensation Practices issued by the Fina…
rights issue
As Published: 2005
rights issue
(in LR , FINMAR and DTR 5 ) 91 an offer to existing security holders to subscribe or purchase further securities in proportion to their holdings made by means of the issue of a renounceable letter (or…
pension wrapper
As Published: 2007
pension wrapper
52 (in the cancellation rules ( COBS 15 )) a SIPP , pension contract or personal pension product .
CTF bank account
As Published: 2004
CTF bank account
24 a bank account which fulfils the requirements of Regulation 11(5) of the CTF Regulations .
authorised unit trust manager
As Published: 2001
authorised unit trust manager
4 a manager of an AUT .
commodity simplified approach
As Published: 2006
commodity simplified approach
48 the method of calculating the commodity PRR in BIPRU 7.4.24 R (Simplified approach).
permitted activity
As Published: 2001
permitted activity
(1) (except in 33 SUP 13A 33 and SUP 14 ) a regulated activity which a firm has permission to carry on. (2) (in 33 SUP 13A 33 and SUP 14 ) an activity identified in a consent notice, a regulator's not…
mortgage administrator
As Published: 2003
mortgage administrator
11 12 a firm with permission (or which ought to have permission ) for administering a regulated mortgage contract .
linked liabilities
As Published: 2007
linked liabilities
29 property-linked liabilities or index-linked liabilities .
intermediate rate of return
As Published: 2007
intermediate rate of return
68 (in COBS ) the intermediate rate of return described in paragraph 2.3 of the projection rules ( COBS 13 Annex 2 ).
banking and investment services conglomerate
As Published: 2006
banking and investment services conglomerate
23 a financial conglomerate that is identified in paragraph 4.3 of GENPRU 3 Annex 1 (Types of financial conglomerate) as a banking and investment services conglomerate .
vendor consideration placing
As Published: 2005
vendor consideration placing
(in LR ) a marketing, by or on behalf of vendors, of securities that have been allotted as consideration for an acquisition. 6…
equity release transaction
As Published: 2006
equity release transaction
31 a lifetime mortgage or a home reversion plan .