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securities issued in a continuous and repeated manner
As Published: 2005
securities issued in a continuous and repeated manner
(in PR ) (as defined in Article 2.1(l) of the prospectus directive ) issues on tap or at least two separate issues of securities of a similar type and/or class over a period of 12 months. 34…
core UK group permission
As Published: 2013
core UK group permission
153 a permission given by the FCA under article 113(6) of the EU CRR (see IFPRU 8.1.14 G to IFPRU 8.1.21 G ).
consumer credit lending
As Published: 2014
consumer credit lending
157 in accordance with article 60B of the Regulated Activities Order , entering into a regulated credit agreement as lender or exercising, or having the right to exercise, the lender's rights and duti…
establishment costs
As Published: 2001
establishment costs
(1) (in FEES 6 27 27 ) the costs of establishing the compensation scheme . (2) (in FEES 5 4 3 27 27 ) the costs of establishing the Financial Ombudsman Service .
receiving UCITS
As Published: 2011
receiving UCITS
99 (in COLL ) in relation to a UCITS merger , the UCITS scheme or EEA UCITS scheme or sub-fund of that scheme , whether it is an existing scheme (or a sub-fund of it) or one that is being formed for t…
MCD firm
As Published: 2015
MCD firm
99 any of the following: (a) an MCD creditor ; (b) an MCD credit intermediary ; or (c) an MCD mortgage administrator . [Note: article 4(2), (5) and (21) of the MCD ]…
ISA transfer
As Published: 2001
ISA transfer
a transaction resulting from a decision, made with or without advice from a firm , by a customer who is an individual, to transfer the investments (or their value) held in his existing ISA in favour o…
relevant charitable scheme
As Published: 2001
relevant charitable scheme
an authorised fund which is: (a) a registered charity; or (b) a charitable unit trust scheme under regulation 7(2)(d) of the Income Tax (Definition of Unit Trust Scheme) Regulations 1988. 5…
non-real time financial promotion
As Published: 2001
non-real time financial promotion
(in accordance with article 7(2) of the Financial Promotion Order ) a financial promotion that is not a real time financial promotion . 2 4…
Payment Services Regulations
As Published: 2009
Payment Services Regulations
71 226 the Payment Services Regulations 2009 (SI 2009/209).
insurance conglomerate
As Published: 2004
insurance conglomerate
a financial conglomerate that is identified in paragraph 4.3 of GENPRU 3 Annex 1 (Types of financial conglomerate) as an insurance conglomerate. 52…
external client money reconciliation
As Published: 2014
external client money reconciliation
94 the client money reconciliation described in CASS 7.15.20 R .
EEA ISPV
As Published: 2006
EEA ISPV
32 an ISPV (including a UK ISPV ) whose head office is in any EEA State and which has received authorisation pursuant to article 46 of the Reinsurance Directive from its Home State Regulator .
IFPRU limited-licence firm
As Published: 2013
IFPRU limited-licence firm
124 124 a limited licence firm that meets the following conditions: (a) it is a firm ; and (b) its head office is in the UK and it is not otherwise excluded under IFPRU 1.1.5 R .
global account
As Published: 2001
global account
the aggregate 17 accounts produced by the Council in accordance with Regulation 8(1) of the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004. 17…
credit reference agency
As Published: 2013
credit reference agency
151 a person providing credit references .
composite firm
As Published: 2004
composite firm
27 a firm that carries on both long-term insurance business and general insurance business .
upper tier two instrument
As Published: 2004
upper tier two instrument
11 a capital instrument 19 that meets the conditions in GENPRU 2.2.177 R (Upper tier two capital: General) 19 and is eligible to form part of a firm 's upper tier two capital resources .
out of the money
As Published: 2006
out of the money
29 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) that option or warrant being neither at the money nor in the money .