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CASS operational oversight function
As Published: 2010
CASS operational oversight function
110 controlled function CF10a in the table of controlled functions , described more fully in SUP 10.7.9 R .
global account
As Published: 2001
global account
the aggregate 17 accounts produced by the Council in accordance with Regulation 8(1) of the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004. 17…
composite firm
As Published: 2004
composite firm
27 a firm that carries on both long-term insurance business and general insurance business .
upper tier two instrument
As Published: 2004
upper tier two instrument
11 a capital instrument 19 that meets the conditions in GENPRU 2.2.177 R (Upper tier two capital: General) 19 and is eligible to form part of a firm 's upper tier two capital resources .
out of the money
As Published: 2006
out of the money
29 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) that option or warrant being neither at the money nor in the money .
market abuse (improper disclosure)
As Published: 2005
market abuse (improper disclosure)
26 the behaviour described in section 118(3) of the Act , which is an insider disclosing inside information to another person otherwise than in the proper course of the exercise of employment, profess…
traded life policy
As Published: 2001
traded life policy
a life policy which is to be or has been assigned for value by the policyholder to another person . 3…
VaR model
As Published: 2006
VaR model
8 a value at risk model as described in BIPRU 7.10 (Use of a Value at Risk Model).
INSPRU 1 Annex 1 INSPRU 1.2 (Mathematical reserves) and INSPRU 1.3 (With-profits insurance capital component)
As Published: 2006
INSPRU 1 Annex 1 INSPRU 1.2 (Mathematical reserves) and INSPRU 1.3 (With-profits insurance capital component)
…
entering into a regulated mortgage contract
As Published: 2003
entering into a regulated mortgage contract
14 16 the regulated activity , specified in article 61(1) of the Regulated Activities Order , which is in summary: entering into a regulated mortgage contract as lender. 17…
CFEB
As Published: 2010
CFEB
the consumer financial education body established by the FSA under section 6A(1) of the Act (Enhancing public understanding of financial matters etc) and having the name Money Advice Service. 116…
RPPD
As Published: 2007
RPPD
55 the Regulatory Guide which contains a statement of the responsibilities of providers and distributors for the fair treatment of customers .
base costs
As Published: 2001
base costs
3 management expenses , other than establishment costs , which are not dependent on the level of claims made on the FSCS .
stocks and shares component
As Published: 2001
stocks and shares component
a qualifying investment as prescribed in paragraph 7 of the ISA Regulations . 5…
intermediate broker
As Published: 2001
intermediate broker
(in relation to a transaction in a contingent liability investment ) any person acting in the capacity of an intermediary through whom the firm undertakes that transaction. 5…
owner
As Published: 2008
owner
37 (in RCB ) (as defined in Regulation 4 of the RCB Regulations ) an owner which owns an asset pool and issues a guarantee to pay from that asset pool claims attaching to a regulated covered bond in t…
Insurance Mediation Directive
As Published: 2004
Insurance Mediation Directive
22 the European Parliament and Council Directive of 9 December 2002 on insurance mediation (No 2002/92/EC).
trading venue
As Published: 2007
trading venue
51 (1) (except in FINMAR ) a regulated market , MTF or systematic internaliser acting in its capacity as such, and, where appropriate, a system outside the EU with similar functions to a regulated mar…