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non-discretionary management agreement
As Published: 2001
non-discretionary management agreement
an agreement for the non-discretionary management of investments : (a) under which the firm agrees to conduct a regular review of the suitability of the client's account or portfolio, based on an asse…
common platform requirements on financial crime
As Published: 2006
common platform requirements on financial crime
the requirements on financial crime applicable to common platform firms set out in 56 47 SYSC 6.3 .
domestic UCITS merger
As Published: 2011
domestic UCITS merger
71 (in COLL and in accordance with article 2(1)(r) of the UCITS Directive ) a UCITS merger between two or more UCITS schemes in relation to which a UCITS marketing notification has been made in respec…
margined contract
As Published: 2001
margined contract
3 16 (in COLL , 44 CASS 4 and CASS 7 44 ) any contract in derivatives .
EEA authorised electronic money institution
As Published: 2011
EEA authorised electronic money institution
71 173 (in accordance with regulation 2(1) of the Electronic Money Regulations ) a person authorised in an EEA State other than the United Kingdom to issue electronic money and provide payment service…
COMP 16.2 Informing depositors of limitations to coverage
As Published: 2009
COMP 16.2 Informing depositors of limitations to coverage
…
syndicate ICA
As Published: 2004
syndicate ICA
19 the capital assessment performed by a managing agent under the overall Pillar 2 rule , GENPRU 1.5.1R(1), INSPRU 7.1 and INSPRU 1.1.57R(1) 45 in respect of each syndicate managed by it.
stakeholder pension scheme
As Published: 2001
stakeholder pension scheme
a scheme that meets the conditions in section 1 of the Welfare Reform and Pensions Act 1999 or article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999. 54…
ex-section 43 lead regulated firm
As Published: 2001
ex-section 43 lead regulated firm
an ex-section 43 firm for which the FSA (in its capacity as the regulatory body under section 43 of the Financial Services Act 1986) was lead regulator for financial supervision purposes, and that was…
regulatory basis only life firm
As Published: 2004
regulatory basis only life firm
29 a firm carrying on long-term insurance business which is not a realistic basis life firm .
non-trading book
As Published: 2006
non-trading book
19 positions, exposures, assets and liabilities that are not in the trading book .
tax exempt policy
As Published: 2001
tax exempt policy
any contract of assurance, offered or issued by a friendly society , which is tax exempt life or endowment business as defined in section 466 (2) of the Income and Corporation Taxes Act 1988. 3…
BIPRU 8 Annex 3 Examples of how to identify a non-EEA sub-group
As Published: 2007
BIPRU 8 Annex 3 Examples of how to identify a non-EEA sub-group
…
management company
As Published: 2006
management company
(in accordance with article 2(1)(b) of the UCITS Directive ) a company, the regular business of which is the management of UCITS in the form of unit trusts, common funds or investment companies ( coll…
repo
As Published: 2001
repo
(a) an agreement between a seller and buyer for the sale of securities , under which the seller agrees to repurchase the securities , or equivalent securities , at an agreed date and, usually, at a st…
total exposure
As Published: 2006
total exposure
26 (in relation to a counterparty or group of connected clients and a person or in relation to a person and its counterparties falling within BIPRU 10.10A.1 R ) all that person's exposures to that cou…
current market value
As Published: 2006
current market value
48 (in accordance with Part 1 of Annex III of the Banking Consolidation Directive (Definitions) and for the purpose of BIPRU 13.5 (CCR standardised method)) the net market value of the portfolio of tr…