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social housing firm
As Published: 2004
social housing firm
18 (in MIPRU 4 (Capital resources)) 43 a wholly-owned subsidiary of: (a) a local authority; or (b) a registered social landlord; which carries on non-profit regulated activities in connection with hou…
home finance arranger
As Published: 2006
home finance arranger
8 a firm with permission (or which ought to have permission ) for arranging a home finance transaction .
countercyclical capital buffer
As Published: 2014
countercyclical capital buffer
162 (in accordance with article 128(2) of CRD (Definitions)) the amount of common equity tier 1 capital a firm must calculate in line with IFPRU 10.3 .
MiFID or equivalent third country business
As Published: 2007
MiFID or equivalent third country business
47 MiFID business or the equivalent business of a third country investment firm .
shared equity credit agreement
As Published: 2015
shared equity credit agreement
133 an MCD credit agreement where the capital repayable is based on a contractually set percentage of the value of the immovable property at the time of the capital repayment or repayments. [Note: art…
retail investment adviser
As Published: 2011
retail investment adviser
101 an employee who carries on activities 2, 3, 4, 6, 12 and 13 in TC Appendix 1.1.1 R (other than in relation to a Holloway sickness policy where the Holloway policy special application conditions ar…
commodity maturity ladder approach
As Published: 2006
commodity maturity ladder approach
48 the method of calculating the commodity PRR in BIPRU 7.4.25 R (Maturity ladder approach).
in the money percentage
As Published: 2006
in the money percentage
52 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) the percentage calculated under BIPRU 7.6.6 R (The in the money percentage).
acknowledgement letter variable text
As Published: 2014
acknowledgement letter variable 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 in square brackets. (2) (in CASS 11 ) the text in the template…
internally managed corporate AIF
As Published: 2013
internally managed corporate AIF
118 a closed-ended corporate AIF which is an internally managed AIF .
building block
As Published: 2005
building block
(in PR and LR ) (as defined in the PD Regulation ) a list of additional information requirements, not included in one of the schedules, to be added to one or more schedules, as the case may be, depend…
generic projection
As Published: 2007
generic projection
25 (in COBS ) a projection which reflects the terms of a contract which is representative of the type of business normally undertaken by the firm , or the type of business it is promoting, rather than…
at the money
As Published: 2006
at the money
37 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) the strike price of that option or warrant being equal to the current market value of the underlying instrument.
units of a collective investment scheme
As Published: 2005
units of a collective investment scheme
(in PR ) (as defined in Article 2.1(p) of the prospectus directive ) securities issued by a collective investment undertaking as representing the rights of the participants in such an undertaking over…
bridging loan
As Published: 2012
bridging loan
(1) an MCD exempt bridging loan ; or 58 (2) (other than in (1)) 58 a regulated mortgage contract which has a term of twelve months or less.
equity release mediation activity
As Published: 2006
equity release mediation activity
31 any of the regulated activities of: (a) arranging a regulated mortgage contract (when carried on in relation to a lifetime mortgage ) or a home reversion plan ; (b) advising on a regulated mortgage…
electronic commerce activity direction
As Published: 2002
electronic commerce activity direction
a direction made, or proposed to be made, by the FCA 167 under regulation 6 of the ECD Regulations . 6…