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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 .
appropriate actuary
As Published: 2001
appropriate actuary
4 an actuary appointed under PRA Rulebook: Non-Solvency II Firms – Actuarial Requirements 128 (Appointment of an appropriate actuary).
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 .
traded life policy
As Published: 2001
traded life policy
a life policy which is to be or has been assigned for value by the policyholder to another person . 3…
transaction-specific advice
As Published: 2001
transaction-specific advice
advice on investments (except P2P agreements) 73 : (a) given in connection with 35 : 35 (i) dealing in investments as principal ; or 35 (ii) dealing in investments as agent ; or 35 (iii) acting as an…
VaR model
As Published: 2006
VaR model
8 a value at risk model as described in BIPRU 7.10 (Use of a Value at Risk Model).
entering into a regulated mortgage contract
As Published: 2003
entering into a regulated mortgage contract
14 16 the regulated activity , specified in article 61(1) of the Regulated Activities Order , which is in summary: entering into a regulated mortgage contract as lender. 17…
RPPD
As Published: 2007
RPPD
55 the Regulatory Guide which contains a statement of the responsibilities of providers and distributors for the fair treatment of customers .
stocks and shares component
As Published: 2001
stocks and shares component
a qualifying investment as prescribed in paragraph 7 of the ISA Regulations . 5…
intermediate broker
As Published: 2001
intermediate broker
(in relation to a transaction in a contingent liability investment ) any person acting in the capacity of an intermediary through whom the firm undertakes that transaction. 5…
media operator
As Published: 2014
media operator
97 a news vendor that receives regulated information from a regulatory information service and then disseminates that information to the public as soon as possible.