Search Result
contingent liability investment
As Published: 2001
contingent liability investment
a derivative under the terms of which the client will or may be liable to make further payments (other than charges , and whether or not secured by margin ) when the transaction falls to be completed…
introducing broker
As Published: 2001
introducing broker
a firm which introduces transactions relating to designated investments arranged (brought about) for its clients to a clearing firm . 5…
closed-ended
As Published: 2005
closed-ended
(in LR ) (in relation to investment entities) an investment company which is not an open-ended investment company . 31…
biomass investment
As Published: 2008
biomass investment
29 any of the following: (a) a unit in a biomass collective investment scheme ; (b) an option to acquire or dispose of a biomass investment ; (c) a future where the commodity in question is biomass ;…
community co-insurance operation
As Published: 2001
community co-insurance operation
a co-insurance operation which relates to one or more risks classified under general insurance business classes 3 to 16 and which fulfils the conditions in article 190(1)(a) to (f) of the Solvency II…
flat rate benefits business friendly society
As Published: 2001
flat rate benefits business friendly society
a friendly society whose insurance business is restricted to the provision of benefits which vary according to the resources available and in which the contributions of members are determined on a fla…
large non-directive insurer
As Published: 2015
large non-directive insurer
65 a ‘large non-directive insurer’ as defined in the PRA Rulebook: Glossary.
dedicated
As Published: 2001
dedicated
(in relation to investments of an authorised fund ) intended that the holders should participate in or receive: (a) profits or income arising from the acquisition, holding, management or disposal of i…
non-mainstream pooled investment
As Published: 2014
non-mainstream pooled investment
101 any of the following investments : (a) a unit in an unregulated collective investment scheme ; (b) a unit in a qualified investor scheme ; (c) a security issued by a special purpose vehicle , othe…
non-profit fund
As Published: 2004
non-profit fund
13 a long-term insurance fund which is not a with-profits fund .
asset backed security
As Published: 2005
asset backed security
(as defined in the PD Regulation ) securities 97 which: (a) represent an interest in assets, including any rights intended to assure servicing, or the receipt or timeliness of receipts by holders of a…
substantial shareholder
As Published: 2005
substantial shareholder
as defined in LR 11.1.4A R . 109 56…
non-EEA bank
As Published: 2001
non-EEA bank
a bank which is a body corporate or partnership formed under the law of any country or territory outside the EEA . 2…
dealing on own account
As Published: 2007
dealing on own account
39 trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments . [Note: article 4(1)(6) of MIFID ]…
EEA key investor information document
As Published: 2011
EEA key investor information document
69 a document that: (a) relates to an EEA UCITS scheme ; (b) complies with the requirements of the KII Regulation ; and (c) is provided in a language stipulated by article 94(1)(b) of the UCITS Direct…
MCD article 3(1)(b) creditor
As Published: 2015
MCD article 3(1)(b) creditor
99 a firm with permission for entering into a regulated credit agreement as lender which, by way of business and for remuneration (which may take a pecuniary form or any other agreed form of financial…
payer
As Published: 2015
payer
133 a person who holds a payment account and allows instructions to be given to transfer funds from that payment account, or who gives instructions to transfer funds.