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applications day
As Published: 2001
applications day
4 the first day on which section 40 of the Act (Application for permission) comes into force (for any purpose).
entering into a regulated sale and rent back agreement
As Published: 2009
entering into a regulated sale and rent back agreement
55 the regulated activity , specified in article 63J(1) of the Regulated Activities Order , which is in summary entering into a regulated sale and rent back agreement as an agreement provider, includi…
deductions plan
As Published: 2007
deductions plan
43 (in COBS ) a plan that describes the deductions from asset share that a firm expects to make for the cost of guarantees and the use of capital ( COBS 20.2.8 R ).
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…
total relevant liabilities
As Published: 2011
total relevant liabilities
47 (in CREDS ) means the sum of: (a) unattached shares in the credit union , and deposits by persons too young to be members of the credit union ; and (b) liabilities (other than liabilities for share…
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…
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…
UCITS Directive
As Published: 2001
UCITS Directive
the European Parliament and 43 Council Directive of 13 July 2009 43 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transfe…
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 .
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…