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reattribution
As Published: 2005
reattribution
35 the process under which a firm which carries on with-profits business seeks to redefine the rights and interests that the with-profits policyholders have over the inherited estate .
credit union
As Published: 2001
credit union
a body corporate registered under the Industrial and Provident Societies Act 1965 as a credit union in accordance with the Credit Unions Act which is an authorised person or a body corporate registere…
pending application
As Published: 2001
pending application
(as defined in article 3(1) of the compensation transitionals order ): (a) an application for compensation made under an investment business compensation scheme before commencement in relation to whic…
UPRU TP 1 Transitional Provisions for UPRU
As Published: 2006
UPRU TP 1 Transitional Provisions for UPRU
…
recognised investment exchange
As Published: 2001
recognised investment exchange
an investment exchange which is declared by a recognition order for the time being in force to be a recognised investment exchange. 5…
mineral expert's report
As Published: 2005
mineral expert's report
(in LR ) a report prepared in accordance with the ESMA recommendations . 78 28…
Market Abuse Directive
As Published: 2005
Market Abuse Directive
26 Directive of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) (No 2003/6/EC).
offering programme
As Published: 2005
offering programme
(in PR ) (as defined in Article 2.1(k) of the prospectus directive ) a plan which would permit the issuance of non-equity securities, including warrants in any form, having a similar type and/or class…
real time financial promotion
As Published: 2001
real time financial promotion
(in accordance with article 7(1) of the Financial Promotion Order) a financial promotion made in the course of a personal visit, telephone conversation or other interactive dialogue. 5 9…
endowment assurance
As Published: 2001
endowment assurance
4 a life policy which pays a sum of money on the survival of the life assured to a specific date or on his earlier death.
consolidated requirement component
As Published: 2006
consolidated requirement component
48 has the meaning in BIPRU 8.7.11 R (Calculation of the consolidated requirement components), which in summary is one of the following: (a) the consolidated credit risk requirement ; or (b) the conso…
bearer form
As Published: 2001
bearer form
4 (in relation to a client's certificate, share transfer or other document ) in a form signed by the client so that it enables a designated investment or deposit to which it relates to be sold, transf…
contingent liability investment
As Published: 2001
contingent liability investment
a derivative under the terms of which the client will or may be liable to make further payments (other than charges , and whether or not secured by margin ) when the transaction falls to be completed…
introducing broker
As Published: 2001
introducing broker
a firm which introduces transactions relating to designated investments arranged (brought about) for its clients to a clearing firm . 5…
securities derivative
As Published: 2010
securities derivative
92 a derivative instrument admitted to trading on a regulated market or prescribed market , the value of which is dependent on an underlying equity or debt instrument or index/basket of equity or debt…
closed-ended
As Published: 2005
closed-ended
(in LR ) (in relation to investment entities) an investment company which is not an open-ended investment company . 31…
biomass investment
As Published: 2008
biomass investment
29 any of the following: (a) a unit in a biomass collective investment scheme ; (b) an option to acquire or dispose of a biomass investment ; (c) a future where the commodity in question is biomass ;…
flat rate benefits business friendly society
As Published: 2001
flat rate benefits business friendly society
a friendly society whose insurance business is restricted to the provision of benefits which vary according to the resources available and in which the contributions of members are determined on a fla…
dedicated
As Published: 2001
dedicated
(in relation to investments of an authorised fund ) intended that the holders should participate in or receive: (a) profits or income arising from the acquisition, holding, management or disposal of i…