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relevant electronic lending services
As Published: 2016
relevant electronic lending services
159 operating an electronic system in relation to lending or operating an electronic system in relation to non-P2P agreements .
debt management activity
As Published: 2014
debt management activity
87 the activities of debt counselling or debt adjusting , alone or together, carried on with a view to an individual entering into a particular debt solution or in relation to any such debt solution ,…
pension transfer specialist
As Published: 2001
pension transfer specialist
an individual appointed by a firm to check the suitability of a pension transfer , pension conversion 125 229 or pension opt-out who has passed the required examinations as 57 specified in TC 57 . 5…
acquirer
As Published: 2015
acquirer
126 a payment service provider contracting with a payee to enable them to accept payment transactions made by means of any card, telecommunication, digital or IT device or software, and which result i…
non-retail communication
As Published: 2007
non-retail communication
23 a financial promotion and: (a) is made only to recipient who the firm reasonably believes are professional clients or eligible counterparties ; or (b) may reasonably be regarded as directed only at…
approved person
As Published: 2001
approved person
4 a person in relation to whom the FCA or the PRA 183 has given its approval under section 59 of the Act (Approval for particular arrangements) for the performance of a controlled function .
specified life events
As Published: 2015
specified life events
133 (a) the death of the customer ; or (b) the customer leaves the mortgaged land to live elsewhere and has no reasonable prospect of returning (for example, by moving into residential care); or (c) t…
CTF
As Published: 2004
CTF
24 (as defined in section 1(2) of the Child Trust Funds Act 2004) a child trust fund, that is, an account which: (1) is held by a child who is or has been an eligible child (as defined in section 2 of…
authorised UK representative
As Published: 2001
authorised UK representative
4 (in relation to a firm ) a person resident in the United Kingdom who is authorised to act generally, and to accept service of any document , on behalf of the firm .
EEA ELTIF
As Published: 2015
EEA ELTIF
106 an ELTIF authorised by a competent authority other than the FCA under the ELTIF regulation .
commodity PRR
As Published: 2006
commodity PRR
48 the part of the market risk capital requirement calculated in accordance with BIPRU 7.4 (Commodity PRR) or, in relation to a particular position , the portion of the overall commodity PRR attributa…
linked fund
As Published: 2007
linked fund
29 a real or notional account to which an insurer appropriates linked assets for the purposes of their being permitted links , and which may be subdivided into units, the value of each of which is det…
candidate
As Published: 2001
candidate
3 a person in respect of whom an application is made for approval under section 59 of the Act (Approval for particular arrangements) of the performance of an FCA controlled function or a PRA controlle…
client bank account acknowledgement letter
As Published: 2014
client bank account acknowledgement letter
(1) (in CASS 7 ) a letter in the form of the template in CASS 7 Annex 2 R. 166 (2) (in CASS 11 ) a letter in the form of the template in CASS 11 Annex 1 R . 166…
readily realisable investment
As Published: 2001
readily realisable investment
119 (1) 129 (a) a packaged product ; (b) a readily realisable security . [deleted] 129…
higher rate of return
As Published: 2007
higher rate of return
15 (in COBS ) the higher rate of return described in paragraph 2.3 of the projection rules ( COBS 13 Annex 2 ).
backtesting exception
As Published: 2006
backtesting exception
23 (in BIPRU 7.10 (Use of a value at risk model)) an exception (excluding a specific risk backtesting exception ) arising out of backtesting a VaR model as more fully defined in BIPRU 7.10.103 R .
equity release provider
As Published: 2006
equity release provider
31 a firm with permission (or which ought to have permission ) for: (a) entering into a regulated mortgage contract (when carried on in relation to a lifetime mortgage ); or (b) entering into a home r…
MAR 2.4 Stabilisation when the Buy-back and Stabilisation Regulation does not apply [deleted]
As Published: 2001
MAR 2.4 Stabilisation when the Buy-back and Stabilisation Regulation does not apply [deleted]
…