Search Result
strategic investment
As Published: 2012
strategic investment
106 an investment which: (a) is made for a strategic purpose; (b) is made for an expected duration consistent with that purpose and is, or has the potential to be, illiquid or hard to value; and (c) i…
tradable renewable energy credit
As Published: 2001
tradable renewable energy credit
an allowance, licence, permit, right, note, unit, credit, asset, certificate or instrument (the "credit") where: (a) the credit confers or may result in a benefit or advantage to its holder or someone…
money service operator
As Published: 2002
money service operator
a person who carries on money service business other than a firm , a BCD credit institution or a financial institution . 6…
higher lending charge
As Published: 2003
higher lending charge
4 a fee charged by a mortgage lender (under a regulated mortgage contract ) where the amount borrowed exceeds a given percentage of the value of the property.
sale shortfall
As Published: 2003
sale shortfall
15 the outstanding amount due to the home finance provider 42 , under a home finance transaction 42 , following the sale of the property that is its subject 42 .
reattribution
As Published: 2005
reattribution
35 the process under which a firm which carries on with-profits business seeks to redefine the rights and interests that the with-profits policyholders have over the inherited estate .
internal custody reconciliation method
As Published: 2014
internal custody reconciliation method
132 a method for performing an internal custody record check , described in CASS 6.6.17 R .
non-core large exposures group exemption
As Published: 2013
non-core large exposures group exemption
53 the exemption in IFPRU 8.2.6 R (Intra-group exposures: non-core large exposures group).
credit union
As Published: 2001
credit union
a body corporate registered under the Industrial and Provident Societies Act 1965 as a credit union in accordance with the Credit Unions Act which is an authorised person or a body corporate registere…
pending application
As Published: 2001
pending application
(as defined in article 3(1) of the compensation transitionals order ): (a) an application for compensation made under an investment business compensation scheme before commencement in relation to whic…
contractual scheme rules
As Published: 2013
contractual scheme rules
147 rules in COLL made by the FCA under section 261I of the Act (Contractual scheme rules) in relation to: (a) the constitution, management and operation of ACSs ; (b) the powers, duties, rights, and…
recognised investment exchange
As Published: 2001
recognised investment exchange
an investment exchange which is declared by a recognition order for the time being in force to be a recognised investment exchange. 5…
packaged bank account
As Published: 2012
packaged bank account
99 an arrangement under which a firm provides a retail banking service as part of a package which includes access to other goods or services, whether or not a fee is charged.
management responsibilities map
As Published: 2015
management responsibilities map
103 the document describing the management arrangements of a relevant authorised person required by SYSC 4.5.4R , SYSC 4.6.6R or SYSC 4.6.15R 107 .
offering programme
As Published: 2005
offering programme
(in PR ) (as defined in Article 2.1(k) of the prospectus directive ) a plan which would permit the issuance of non-equity securities, including warrants in any form, having a similar type and/or class…
real time financial promotion
As Published: 2001
real time financial promotion
(in accordance with article 7(1) of the Financial Promotion Order) a financial promotion made in the course of a personal visit, telephone conversation or other interactive dialogue. 5 9…
endowment assurance
As Published: 2001
endowment assurance
4 a life policy which pays a sum of money on the survival of the life assured to a specific date or on his earlier death.
LME bond arrangement
As Published: 2014
LME bond arrangement
59 an arrangement for the segregation of money held by firms on behalf of US customers for transactions undertaken on the exchange operated by the LME , which is an alternative to complying with condi…
bearer form
As Published: 2001
bearer form
4 (in relation to a client's certificate, share transfer or other document ) in a form signed by the client so that it enables a designated investment or deposit to which it relates to be sold, transf…