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related undertaking
As Published: 2004
related undertaking
29 in relation to an undertaking ("U"): (a) any subsidiary undertaking of U; or (b) any undertaking in which U or any of U's subsidiary undertakings holds a participation; or (c) any undertaking linke…
inherited estate
As Published: 2003
inherited estate
in relation to each with-profits fund : 134 (1) for a firm which is not a Solvency II firm , an amount representing the fair market value of the with-profits assets less the value of liabilities, exce…
greenshoe option
As Published: 2005
greenshoe option
13 (as defined in Article 2 of the Buy-back and Stabilisation Regulation ) an option granted by the offeror in favour of the investment firm(s) or credit institution(s) involved in the offer for the p…
major subsidiary undertaking
As Published: 2005
major subsidiary undertaking
(in LR ) a subsidiary undertaking that represents 25% or more of the aggregate of the gross assets or profits (after deducting all charges except taxation) of the group . 28…
payment transaction
As Published: 2015
payment transaction
133 an action of transferring funds, initiated by the payer or on its behalf or by the payee , irrespective of any underlying obligations between the payer and the payee .
UK insurance intermediary
As Published: 2004
UK insurance intermediary
9 a UK domestic firm which has Part 4A permission 97 to carry on insurance mediation activity but no other regulated activity .
inception
As Published: 2007
inception
67 in relation to permitted links , refers to the time when the liability of the insurer under a linked long-term contract of insurance commenced.
interested party
As Published: 2001
interested party
(in relation to an application made under section 60 of the Act (Applications for approval)): (a) the firm making the application; (b) the person in respect of whom the application is being made ("A")…
certificate representing equity securities
As Published: 2005
certificate representing equity securities
(in LR ) a certificate representing certain securities where the certificate or other instrument confers rights in respect of equity securities . 31…
providing credit references
As Published: 2013
providing credit references
112 the regulated activity specified in article 89B of the Regulated Activities Order .
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
As Published: 2001
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
the regulated activity , specified in article 57 of the Regulated Activities Order (Managing the underwriting capacity of a Lloyd's syndicate), of managing the underwriting capacity of a Lloyd's syndi…
venture capital trust
As Published: 2005
venture capital trust
(in LR ) a company which is, or which is seeking to become, approved as a venture capital trust under section 842AA of the Income and Corporation Taxes Act 1988. 6…
DMG
As Published: 2014
DMG
87 the Office of Fair Trading's Debt Management (and credit repair services Guidance).
parental responsibility
As Published: 2004
parental responsibility
22 (as defined in section 3(9) of the Child Trust Fund Act 2004): (a) parental responsibility within the meaning of the Children Act 1989 or the Children (Northern Ireland) Order 1995 (SI 1995/755 (N.
Balancing and Settlement Code
As Published: 2001
Balancing and Settlement Code
2 the document designated by the Secretary of State and adopted by the National Grid Company plc as the Balancing and Settlement Code as modified from time to time in accordance with the terms of the…
potential tier one instrument
As Published: 2004
potential tier one instrument
25 an item of capital that falls into GENPRU 2.2.62R (Tier one capital: General) 43 .
regulatory function
As Published: 2001
regulatory function
(as defined in section 291 of the Act (Liability in relation to recognised body 's regulatory functions)) any function of a recognised body so far as relating to, or to matters arising out of, the obl…