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UK financial sector company
As Published: 2008
UK financial sector company
30 a company that is a: (a) UK bank ; or (b) UK insurer ; or (c) UK incorporated parent undertaking of a company referred to in (a) or (b) where the main business of the group to which the parent unde…
related investment
As Published: 2005
related investment
30 (as defined in section 130A(3) of the Act ) in relation to a qualifying investment , means an investment whose price or value depends on the price or value of the qualifying investment .
with-profits benefits reserve
As Published: 2004
with-profits benefits reserve
7 (in relation to a with-profits fund ) the with-profits benefits reserve for the with-profits fund calculated in accordance with the rules in INSPRU 1.3.116 R to INSPRU 1.3.135 G 10 .
safeguarding and administration of assets (without arranging)
As Published: 2001
safeguarding and administration of assets (without arranging)
that part of safeguarding and administering investments which consists of both: (a) the safeguarding of assets belonging to another; and (b) the administration of those assets. 5…
granting an e-money permission
As Published: 2002
granting an e-money permission
(a) (in the case of a firm that previously had not had a Part IV permission ) giving the firm a Part IV permission that includes issuing e-money ; (b) (in the case of a firm that does have a Part IV p…
supervisory notice
As Published: 2001
supervisory notice
(as defined in section 395(13) of the Act (The Authority'sprocedures)) a notice given by the FSA in accordance with section 53(4), (7) or (8)(b); 78(2) or (5); 197(3), (6) or (7)(b); 259(3), (8) or (9…
investment agreement
As Published: 2001
investment agreement
any agreement the making or performance of which by either party constitutes a regulated activity , but disregarding the exclusions in Part II of the Regulated Activities Order . 5…
effecting contracts of insurance
As Published: 2001
effecting contracts of insurance
the regulated activity , specified in article 10(1) of the Regulated Activities Order (Effecting and carrying out contracts of insurance), of effecting a contract of insurance as principal. 4…
FSA registered tied agent
As Published: 2007
FSA registered tied agent
25 a tied agent who is an agent for the purposes of section 39A of the Act .
forward price
As Published: 2001
forward price
(in relation to units ) a price calculated by reference to the valuation point next following the authorised fund manager's agreement to sell or, as the case may be, to redeem the units in question. 2…
competent employees rule
As Published: 2007
competent employees rule
62 (a) for a firm which is not a common platform firm , SYSC 3.1.6 R . (b) for a common platform firm , SYSC 5.1.1 R .
UK group risk own funds
As Published: 2002
UK group risk own funds
(in ELM ) the same thing as EEA group risk own funds , subject to the adjustments required by ELM 7.5.5 R (UK group risk own funds and UK group risk own funds requirement). 3…
CIS stakeholder product
As Published: 2004
CIS stakeholder product
26 the stakeholder product specified by regulations 5 (units in certain collective investment schemes) and 7 of the Stakeholder Regulations .
participating insurance undertaking
As Published: 2004
participating insurance undertaking
25 an insurer which: (a) has a subsidiary undertaking that is an insurance undertaking ; or (b) holds a participation in an insurance undertaking ; or (c) is linked to an insurance undertaking by a co…
energy
As Published: 2001
energy
coal, electricity , natural gas (or any by-product or form of any of them), 50 oil or biofuel . 50…
approved money-market instrument
As Published: 2008
approved money-market instrument
57 (in accordance with COLL 5.2.7F R ) a money-market instrument which is normally dealt in on the money market, is liquid and has a value which can be accurately determined at any time.
CASS large firm
As Published: 2010
CASS large firm
110 has the meaning in CASS 1A.2.7 R (CASS firm types).