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period rate of charge
As Published: 2013
period rate of charge
111 (in CONC App 1.1 ) means a percentage rate of charge for a period, comprising all charges included in the total charge for credit determined in accordance with CONC App 1.1.4 R to CONC App 1.1.6 R…
certificate representing debt securities
As Published: 2005
certificate representing debt securities
(in LR ) a certificate representing certain securities where the certificate or other instrument confers rights in respect of debentures , alternative debentures , 112 or government and public securit…
authorised non-business overdraft agreement
As Published: 2014
authorised non-business overdraft agreement
107 a borrower-lender agreement which provides authorisation in advance for the borrower to overdraw on a current account, where: (a) the credit must be repaid on demand or within three months; (b) th…
Second Non-Life Directive
As Published: 2001
Second Non-Life Directive
the Council Directive of 22 June 1988 on the coordination of laws, etc and laying down provisions to facilitate the effective exercise of freedom to provide services and amending Directive 73/239/EEC…
person
As Published: 2001
person
(in accordance with the Interpretation Act 1978) any person, including a body of persons corporate or unincorporate (that is, a natural person, a legal person and, for example, a partnership ). 5…
net underwriting position
As Published: 2006
net underwriting position
19 the net underwriting position calculated under BIPRU 7.8.17R (Calculating the net underwriting position).
Investor Compensation Directive
As Published: 2001
Investor Compensation Directive
the Council Directive of 3 March 1997 on investor compensation schemes (No 97/9/EC). 5…
takeover bid
As Published: 2001
takeover bid
an offer, as the term is used in the Takeover Code , or any other similar conduct governed by that code. 3…
annual percentage rate
As Published: 2003
annual percentage rate
9 the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
establishing, operating or winding up a stakeholder pension scheme
As Published: 2001
establishing, operating or winding up a stakeholder pension scheme
the regulated activity , specified in article 52 (a) 30 of the Regulated Activities Order (Establishing etc. a pension scheme), of establishing, operating or winding up a stakeholder pension scheme .
Central Fund
As Published: 2001
Central Fund
the Central Fund established under Lloyd's Central Fund Byelaw (No 4 of 1986) and the New Central Fund established under Lloyd's New Central Fund Byelaw (No 23 of 1996). 3…
eligible capital
As Published: 2013
eligible capital
89 has the meaning in article 4(1)(71) of the EU CRR .
own account transaction
As Published: 2001
own account transaction
a transaction executed by the firm for its own benefit or for the benefit of its associate . 4…
tier one capital resources
As Published: 2004
tier one capital resources
14 the sum calculated at stage F of the calculation in the capital resources table (Total tier one capital after deductions) 26 .