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EEA MCR
As Published: 2004
EEA MCR
24 the MCR in relation to business carried on in all EEA States , taken together, calculated by a UK-deposit insurer in accordance with INSPRU 1.5.46R 34 .
individual capital guidance
As Published: 2006
individual capital guidance
52 guidance given to a firm about the amount and quality of capital resources that the FSA thinks the firm should hold at all times 92 under the overall financial adequacy rule as it applies on a solo…
overall financial adequacy rule
As Published: 2006
overall financial adequacy rule
29 GENPRU 1.2.26R (Requirement for certain firms to have adequate financial resources).
market abuse (insider dealing)
As Published: 2005
market abuse (insider dealing)
26 the behaviour described in section 118(2) of the Act , which is an insider dealing , or attempting to deal , in a qualifying investment or related investment on the basis of inside information rela…
total group tier one capital
As Published: 2004
total group tier one capital
14 the sum calculated at stage A of the calculation in INSPRU 6.1.43R 26 .
customer order
As Published: 2001
customer order
(a) an order to a firm from a customer to execute a transaction as agent; (b) any other order to a firm from a customer to execute a transaction in circumstances giving rise to duties similar to those…
reinsurance contract
As Published: 2004
reinsurance contract
17 (in COBS 21 , 54 59 ICOB , CASS 5 and COMP ) a contract of insurance covering all or part of a risk to which a person is exposed under a contract of insurance .
new applicant
As Published: 2005
new applicant
(in LR ) an applicant that does not have any class of its securities already listed . 15…
fixed-sum credit
As Published: 2003
fixed-sum credit
6 (in accordance with section 10(1)(b) of the Consumer Credit Act 1974) any facility under a contract, other than running-account credit , by which the customer is enabled to receive credit (whether i…
e-money outstandings
As Published: 2002
e-money outstandings
(in ELM ) (in relation to an ELMI and at any time) the total amount (actual or contingent) of the ELMI's financial liabilities related to outstanding e-money at that time, including the total amount t…
coordinator
As Published: 2004
coordinator
22 (in relation to a financial conglomerate ) the competent authority which has been appointed, in accordance with Article 10 of the Financial Groups Directive (Competent authority responsible for exe…
non-independent research
As Published: 2007
non-independent research
21 a research recommendation which: (a) relates to financial instruments (as specified in Section C of Annex 1 of MiFID , whether or not they are admitted to trading on a regulated market ) 27 ; and (…
store card
As Published: 2001
store card
a card restricted to paying for goods or services from a particular supplier or group of suppliers and where the price of the goods or services is paid directly to the supplier or group of suppliers b…
consumer credit prohibition
As Published: 2001
consumer credit prohibition
(as defined in section 203(3) of the Act (Power to prohibit the carrying on of Consumer Credit Act business)) a prohibition on carrying on, or purporting to carry on, in the United Kingdom any Consume…
version 2 credit union
As Published: 2001
version 2 credit union
a credit union which is not a version 1 credit union . 2…
EEA territorial scope rule
As Published: 2007
EEA territorial scope rule
39 COBS 1 Annex 1 , Part 2 40 paragraph 1(1) (which provides that the territorial scope of COBS is modified to the extent necessary to be compatible with European law).
net written premiums
As Published: 2004
net written premiums
13 gross written premiums , less reinsurance premiums payable under reinsurance ceded.
loss
As Published: 2006
loss
22 (in accordance with Article 4(26) of the Banking Consolidation Directive (Definitions) and for the purposes of the IRB approach , the standardised approach to credit risk and BIPRU 5 (Credit risk m…