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commodity extended maturity ladder approach
As Published: 2006
commodity extended maturity ladder approach
48 the method of calculating the commodity PRR in BIPRU 7.4.32 R (Extended maturity ladder approach).
interest rate simplified maturity method
As Published: 2006
interest rate simplified maturity method
52 the method of calculating the part of the interest rate PRR that relates to general market risk set out in BIPRU 7.2.56 R (General market risk calculation: Simplified maturity method).
non-readily realisable security
As Published: 2014
non-readily realisable security
55 a security which is not any of the following: (a) a readily realisable security ; (b) a packaged product ; 61 (c) a non-mainstream pooled investment ; 61 (d) a mutual society share . 61…
acknowledgement letter fixed text
As Published: 2014
acknowledgement letter fixed text
111 (1) (in CASS 7 ) the text in the template acknowledgement letters in CASS 7 Annex 2 R, CASS 7 Annex 3 R and CASS 7 Annex 4 R that is not in square brackets. (2) (in CASS 11 ) the text in the templ…
guidance
As Published: 2001
guidance
guidance given: 4 (a) in the FCA Handbook , by the FCA under the Act ; or 82 (b) in the PRA Handbook , by the PRA . 82…
internally managed AIF
As Published: 2013
internally managed AIF
118 (in accordance with regulation 4(3)(b) of the AIFMD UK regulation ) an AIF where the legal form permits internal management and where the AIF's governing body chooses not to appoint an external AI…
offer price
As Published: 2001
offer price
the price at which a person could purchase a unit in a dual-priced authorised fund or a security . 25…
underlying instrument
As Published: 2005
underlying instrument
(in LR ) (in relation to securitised derivatives ) means either: (a) if the securitised derivative is an option or debt security with the characteristics of an option , any of the underlying investmen…
equity release intermediary
As Published: 2006
equity release intermediary
31 a firm with permission (or which ought to have permission ) to carry on equity release mediation activity .
Financial Ombudsman Service
As Published: 2001
Financial Ombudsman Service
the scheme provided under Part XVI of the Act (The Ombudsman Scheme) under which certain disputes may be resolved quickly and with minimum formality by an independent person . 2…
oil
As Published: 2001
oil
mineral oil of any description and petroleum gases, whether in liquid or vapour form, including products and derivatives of oil. 4…
significant branch
As Published: 2015
significant branch
130 a branch that would be considered significant in a Host State under article 51(1) of CRD . [Note: article 2(1)(34) of RRD ]…
specified benchmark
As Published: 2013
specified benchmark
117 a benchmark as defined in section 22(1A)(b) of the Act and specified in Schedule 5 to the Regulated Activities Order pursuant to article 63R of the Regulated Activities Order…
sickness
As Published: 2001
sickness
(in relation to a class of contract of insurance ) the class of contract of insurance , specified in paragraph 2 of Part I of Schedule 1 to the Regulated Activities Order (Contracts of general insuran…
plus factor
As Published: 2006
plus factor
43 (in BIPRU 7.10 (Use of a value at risk model)) an increase to the minimum multiplication factor based on backtesting exceptions as more fully defined in BIPRU 7.10.124 R (Capital calculations: Mult…
Treaty right
As Published: 2004
Treaty right
the entitlement of a Treaty firm to qualify for authorisation under Schedule 4 to the Act (Treaty Rights).2001/7…
BCOBS Sch 3 Fees and other required payments
As Published: 2009
BCOBS Sch 3 Fees and other required payments
…
recognised body requirements
As Published: 2011
recognised body requirements
105 (1) (in relation to an RIE 227 ) the recognition requirements ; (2) (in relation to a UK RIE ) the MiFID implementing requirements ; (3) (in relation to an RAP ) the RAP recognition requirements ;…
CONRED 2 Annex 5 Final letter to consumers who have not sent a request for review
As Published: 2013
CONRED 2 Annex 5 Final letter to consumers who have not sent a request for review
…
national guarantee fund
As Published: 2001
national guarantee fund
(in relation to an EEA State ) a body which: (a) has been set up or authorised in that State in accordance with article 1(4) of Council Directive (84/5/EEC); and (b) provides compensation for damages…