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community co-insurance operation
As Published: 2001
community co-insurance operation
an operation to which the Community Co-Insurance Directive applies, as modified by article 26 of the Second Non-Life Directive . 3…
portfolio management
As Published: 2007
portfolio management
46 managing portfolios in accordance with mandates given by clients on a discretionary client -by- client basis where such portfolios include one or more financial instruments . [Note: article 4(1)(9)…
participating security
As Published: 2001
participating security
a participating security as defined in regulation 3 of the Uncertificated Securities Regulations 1995 (SI 1995/3272), which enable title to participating securities to be evidenced otherwise than by a…
CASS Sch 3 Fees and other required payments
As Published: 2003
CASS Sch 3 Fees and other required payments
…
director function
As Published: 2001
director function
controlled function CF1 in the table of controlled function , described more fully in 3 SUP 10.6.4 R .
Solvency 1 Directive
As Published: 2004
Solvency 1 Directive
28 the Directive of the European Parliament and of the Council of 5 March 2002 amending Council Directive 79/267/EEC as regards the solvency margin requirements for life assurance undertakings (No. 20…
EEA MCR
As Published: 2004
EEA MCR
24 the MCR in relation to business carried on in all EEA States , taken together, calculated by a UK-deposit insurer in accordance with INSPRU 1.5.46R 34 .
individual capital guidance
As Published: 2006
individual capital guidance
52 guidance given to a firm about the amount and quality of capital resources that the FSA thinks the firm should hold at all times 92 under the overall financial adequacy rule as it applies on a solo…
overall financial adequacy rule
As Published: 2006
overall financial adequacy rule
29 GENPRU 1.2.26R (Requirement for certain firms to have adequate financial resources).
market abuse (insider dealing)
As Published: 2005
market abuse (insider dealing)
26 the behaviour described in section 118(2) of the Act , which is an insider dealing , or attempting to deal , in a qualifying investment or related investment on the basis of inside information rela…
total group tier one capital
As Published: 2004
total group tier one capital
14 the sum calculated at stage A of the calculation in INSPRU 6.1.43R 26 .
customer order
As Published: 2001
customer order
(a) an order to a firm from a customer to execute a transaction as agent; (b) any other order to a firm from a customer to execute a transaction in circumstances giving rise to duties similar to those…
new applicant
As Published: 2005
new applicant
(in LR ) an applicant that does not have any class of its securities already listed . 15…
fixed-sum credit
As Published: 2003
fixed-sum credit
6 (in accordance with section 10(1)(b) of the Consumer Credit Act 1974) any facility under a contract, other than running-account credit , by which the customer is enabled to receive credit (whether i…
coordinator
As Published: 2004
coordinator
22 (in relation to a financial conglomerate ) the competent authority which has been appointed, in accordance with Article 10 of the Financial Groups Directive (Competent authority responsible for exe…
non-independent research
As Published: 2007
non-independent research
21 a research recommendation which: (a) relates to financial instruments (as specified in Section C of Annex 1 of MiFID , whether or not they are admitted to trading on a regulated market ) 27 ; and (…
store card
As Published: 2001
store card
a card restricted to paying for goods or services from a particular supplier or group of suppliers and where the price of the goods or services is paid directly to the supplier or group of suppliers b…
consumer credit prohibition
As Published: 2001
consumer credit prohibition
(as defined in section 203(3) of the Act (Power to prohibit the carrying on of Consumer Credit Act business)) a prohibition on carrying on, or purporting to carry on, in the United Kingdom any Consume…