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Second Non-Life Directive
As Published: 2001
Second Non-Life Directive
the Council Directive of 22 June 1988 on the coordination of laws, etc and laying down provisions to facilitate the effective exercise of freedom to provide services and amending Directive 73/239/EEC…
person
As Published: 2001
person
(in accordance with the Interpretation Act 1978) any person, including a body of persons corporate or unincorporate (that is, a natural person, a legal person and, for example, a partnership ). 5…
net underwriting position
As Published: 2006
net underwriting position
19 the net underwriting position calculated under BIPRU 7.8.17R (Calculating the net underwriting position).
Investor Compensation Directive
As Published: 2001
Investor Compensation Directive
the Council Directive of 3 March 1997 on investor compensation schemes (No 97/9/EC). 5…
takeover bid
As Published: 2001
takeover bid
an offer, as the term is used in the Takeover Code , or any other similar conduct governed by that code. 3…
annual percentage rate
As Published: 2003
annual percentage rate
9 the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
establishing, operating or winding up a stakeholder pension scheme
As Published: 2001
establishing, operating or winding up a stakeholder pension scheme
the regulated activity , specified in article 52 (a) 30 of the Regulated Activities Order (Establishing etc. a pension scheme), of establishing, operating or winding up a stakeholder pension scheme .
Central Fund
As Published: 2001
Central Fund
the Central Fund established under Lloyd's Central Fund Byelaw (No 4 of 1986) and the New Central Fund established under Lloyd's New Central Fund Byelaw (No 23 of 1996). 3…
own account transaction
As Published: 2001
own account transaction
a transaction executed by the firm for its own benefit or for the benefit of its associate . 4…
tier one capital resources
As Published: 2004
tier one capital resources
14 the sum calculated at stage F of the calculation in the capital resources table (Total tier one capital after deductions) 26 .
accepted market practice
As Published: 2005
accepted market practice
22 (as defined in section 130A(3) of the Act ) practices that are reasonably expected in the financial market or markets in question and are accepted by the FSA or, in the case of a market situated in…
arranging (bringing about) a home reversion plan
As Published: 2006
arranging (bringing about) a home reversion plan
32 the regulated activity , specified in article 25B(1) of the Regulated Activities Order , which is in summary: making arrangements for another person to: (a) enter into a home reversion plan as reve…
plan investor
As Published: 2001
plan investor
5 a person entered in the plan register under COLL 6.4.9 R (Plan registers). 17…
simplified prospectus scheme
As Published: 2005
simplified prospectus scheme
a key features scheme in respect of which a simplified prospectus has been, or will be, produced instead of a key features document (see COBS 13.1.3R (2) ). 103…
auction regulation
As Published: 2011
auction regulation
85 Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of t…
closely related
As Published: 2006
closely related
48 (in GENPRU and BIPRU ) describes a relationship between two or more persons under which one or more of the following applies: (a) the insolvency or default of one of them is likely to be associated…
future
As Published: 2001
future
the investment , specified in article 84 of the Regulated Activities Order (Futures), which is in summary: rights under a contract for the sale of a commodity or property of any other description unde…