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deferred share
As Published: 2010
deferred share
62 in relation to a building society , a deferred share as defined in the Building Societies (Deferred Shares) Order 1991.
Investor Compensation Directive
As Published: 2001
Investor Compensation Directive
the Council Directive of 3 March 1997 on investor compensation schemes (No 97/9/EC). 5…
takeover bid
As Published: 2001
takeover bid
an offer, as the term is used in the Takeover Code , or any other similar conduct governed by that code. 3…
annual percentage rate
As Published: 2003
annual percentage rate
9 the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
establishing, operating or winding up a stakeholder pension scheme
As Published: 2001
establishing, operating or winding up a stakeholder pension scheme
the regulated activity , specified in article 52 (a) 30 of the Regulated Activities Order (Establishing etc. a pension scheme), of establishing, operating or winding up a stakeholder pension scheme .
Central Fund
As Published: 2001
Central Fund
the Central Fund established under Lloyd's Central Fund Byelaw (No 4 of 1986) and the New Central Fund established under Lloyd's New Central Fund Byelaw (No 23 of 1996). 3…
own account transaction
As Published: 2001
own account transaction
a transaction executed by the firm for its own benefit or for the benefit of its associate . 4…
tier one capital resources
As Published: 2004
tier one capital resources
14 the sum calculated at stage F of the calculation in the capital resources table (Total tier one capital after deductions) 26 .
accepted market practice
As Published: 2005
accepted market practice
22 (as defined in section 130A(3) of the Act ) practices that are reasonably expected in the financial market or markets in question and are accepted by the FSA or, in the case of a market situated in…
arranging (bringing about) a home reversion plan
As Published: 2006
arranging (bringing about) a home reversion plan
32 the regulated activity , specified in article 25B(1) of the Regulated Activities Order , which is in summary: making arrangements for another person to: (a) enter into a home reversion plan as reve…
plan investor
As Published: 2001
plan investor
5 a person entered in the plan register under COLL 6.4.9 R (Plan registers). 17…
closely related
As Published: 2006
closely related
48 (in GENPRU and BIPRU ) describes a relationship between two or more persons under which one or more of the following applies: (a) the insolvency or default of one of them is likely to be associated…
future
As Published: 2001
future
the investment , specified in article 84 of the Regulated Activities Order (Futures), which is in summary: rights under a contract for the sale of a commodity or property of any other description unde…
retirement annuity
As Published: 2001
retirement annuity
an individual pension policy effected before 1 July 1988 53 by a self-employed person or a person in non-pensionable employment which was 53 approved under Chapter III, Part XIV of the Income and Corp…
international organisation
As Published: 2006
international organisation
52 (for the purposes of GENPRU and BIPRU ) an organisation referred to in BIPRU 3.4.30 R (Exposures to international organisations).
Insurance Ombudsman scheme
As Published: 2001
Insurance Ombudsman scheme
the former scheme set up, on a voluntary basis, to handle complaints against those insurance companies which subscribed to it. 1…
management expenses levy
As Published: 2001
management expenses levy
a levy imposed by the FSCS on participant firms to meet the management expenses and which is made up of one or more of a base cost levy and 53 a specific costs levy , each participant firm's share bei…