Search Result
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…
version 2 credit union
As Published: 2001
version 2 credit union
a credit union which is not a version 1 credit union . 2…
EEA territorial scope rule
As Published: 2007
EEA territorial scope rule
39 COBS 1 Annex 1 , Part 2 40 paragraph 1(1) (which provides that the territorial scope of COBS is modified to the extent necessary to be compatible with European law).
net written premiums
As Published: 2004
net written premiums
13 gross written premiums , less reinsurance premiums payable under reinsurance ceded.
loss
As Published: 2006
loss
22 (in accordance with Article 4(26) of the Banking Consolidation Directive (Definitions) and for the purposes of the IRB approach , the standardised approach to credit risk and BIPRU 5 (Credit risk m…
property-linked assets
As Published: 2007
property-linked assets
59 in relation to an insurer , long-term insurance assets that are, for the time being, identified in the records of the insurer as being assets by reference to the value of which property-linked bene…
specific risk backtesting exception
As Published: 2006
specific risk backtesting exception
45 (in BIPRU 7.10 (Use of a value at risk model) and in relation to a firm ) an exception arising out of backtesting a VaR model with respect to specific risk as more fully defined in that firm's VaR…
CAD 1 model
As Published: 2006
CAD 1 model
48 a risk management model of the type described in BIPRU 7.9 (Use of a CAD 1 model).
payment instrument
As Published: 2009
payment instrument
76 (in BCOBS ) any personalised device or personalised set of procedures agreed between the banking customer and the firm used by the banking customer to initiate an instruction or request by the bank…
home purchase intermediary
As Published: 2006
home purchase intermediary
8 a firm with permission (or which ought to have permission ) to carry on a home purchase mediation activity .
foreign currency PRR
As Published: 2006
foreign currency PRR
23 the part of the market risk capital requirement calculated in accordance with BIPRU 7.5 (Foreign currency PRR) or, in relation to a particular position, the portion of the overall foreign currency…
treasury shares
As Published: 2005
treasury shares
shares which meet the conditions set out in paragraphs (a) and (b) of subsection 724(5) of the Companies Act 2006. 38…