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asset backed security
As Published: 2005
asset backed security
(as defined in the PD Regulation ) securitieswhich: (a) represent an interest in assets, including any rights intended to assure servicing, or the receipt or timeliness of receipts by holders of asset…
supplementary prospectus
As Published: 2005
supplementary prospectus
(in Part 6 rules ) a supplementary prospectus containing details of a new factor, mistake or inaccuracy. 34…
authorised insurance company
As Published: 2006
authorised insurance company
40 (In COMP ) (in accordance with the compensation transitionals order ) a person who was, at any time before commencement , authorised under section 3 or 4 of the Insurance Companies Act 1982 to carr…
financial year
As Published: 2001
financial year
(1) (in DISP ) the 12 months ending with 31 March. (3) (in 23 GENPRU and INSPRU 23 ) the period at the end of which the balance of the accounts of the insurer is struck, or, if no balance is struck, t…
required function
As Published: 2001
required function
any of controlled functions 8 to 12B 78 in the table of controlled functions ( SUP 10.4.5 R ). 78 5…
IPA eligible investment
As Published: 2001
IPA eligible investment
a type of investment specified in regulation 2(2) (condition 5) of the Stamp Duty and Stamp Duty Reserve Tax (Definition of Unit Trust Scheme and Open-ended Investment Company) Regulations 2001 (SI 20…
supervisory review and evaluation process
As Published: 2006
supervisory review and evaluation process
45 the FSA's assessment of the adequacy of certain firms' capital, as more fully described in BIPRU 2.2.9 G and INSPRU 7.1.91 G to INSPRU 7.1.99 G . 65…
institutional linked policyholders
As Published: 2007
institutional linked policyholders
67 in relation to permitted links , linked policyholders who are trustees of a defined benefit occupational pension scheme .
motor vehicle liability insurer
As Published: 2004
motor vehicle liability insurer
(a) a firm with permission to carry on motor vehicle liability insurance business ; (b) any person carrying on the regulated activity of managing the underwriting capacity of a Lloyd's syndicate in re…
procuration fee
As Published: 2003
procuration fee
14 the total amount paid by a home finance provider 39 to a home finance intermediary 39 , whether directly or indirectly, in connection with providing applications from customers to enter into home f…
complaints investigator
As Published: 2001
complaints investigator
(1) (in relation to a UK RIE ) the independent person appointed under arrangements referred to in paragraph 9(3) of the Schedule to the Recognition Requirements Regulations to investigate a complaint…
EEA regulated entity
As Published: 2004
EEA regulated entity
21 a regulated entity that is an EEA firm or a UK firm .
vehicle
As Published: 2007
vehicle
9 any motor vehicle intended for travel on land and propelled by mechanical power, but not running on rails, and any trailer whether or not coupled. [Note: article 1(1) of Council Directive 72/166/EEC…
applications day
As Published: 2001
applications day
4 the first day on which section 40 of the Act (Application for permission) comes into force (for any purpose).
entering into a regulated sale and rent back agreement
As Published: 2009
entering into a regulated sale and rent back agreement
55 the regulated activity , specified in article 63J(1) of the Regulated Activities Order , which is in summary entering into a regulated sale and rent back agreement as an agreement provider, includi…
deductions plan
As Published: 2007
deductions plan
43 (in COBS ) a plan that describes the deductions from asset share that a firm expects to make for the cost of guarantees and the use of capital ( COBS 20.2.8 R ).
recognition order
As Published: 2001
recognition order
(in accordance with section 313 of the Act (Interpretation of Part XVIII)) an order made under section 290 or 292 of the Act which declares an investment exchange or clearing house to be a recognised…