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intermediate customer
As Published: 2001
intermediate customer
(for the purposes only of COBS TP 1 (Transitional Provisions in relation to Client Categorisation)) 68 any person classified as an 'intermediate customer' under COB on 31 October 2007, in accordance w…
refinance
As Published: 2013
refinance
127 see the definition of finance (except in relation to CONC 6.7.18 R to CONC 6.7.23 R and CONC 7.6.12 R ) 132 .
whole life assurance
As Published: 2001
whole life assurance
a contract of insurance which, disregarding any benefit payable on surrender, secures a capital sum only on death or either on death or on disability, but does not include a term assurance. 3…
Solvency II Directive
As Published: 2010
Solvency II Directive
92 the Directive of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) 131 (No. 2009/138/EC).
total return swap
As Published: 2016
total return swap
77 (in COLL and FUND ) a derivative contract defined in article 3(18) of the Securities Financing Transactions Regulation .
Financial Collateral Directive
As Published: 2007
Financial Collateral Directive
25 the Council Directive of 6 June 2002 relating to financial collateral arrangements (No. 2002/47/EC).
provider of credit information services
As Published: 2014
provider of credit information services
116 a person providing credit information services who has, or ought to have, a Part 4A permission to carry on the regulated activity of providing credit information services .
approved derivative
As Published: 2001
approved derivative
(1) (in COLL 63 ) a derivative which is traded or dealt in on an eligible derivatives market. 21 (2) (in 37 INSPRU 37 ) a derivative in respect of which the conditions in 37 INSPRU 3.2.5 R 37 are met.
waiver
As Published: 2001
waiver
a direction waiving or modifying a rule , given by the appropriate regulator 46 under section 138A of the Act (Modification or waiver of rules) or by the FCA under sections 46 250, 261L 24 or 294 of t…
Principles and Practices of Financial Management
As Published: 2003
Principles and Practices of Financial Management
10 the Principles and Practices of Financial Management, containing with-profits principles and with-profits practices , 52 which a firm carrying on with-profits business must establish, maintain and…
core market participant
As Published: 2006
core market participant
48 an entity of a type listed in BIPRU 5.4.64 R (The financial collateral comprehensive method: Conditions for applying a 0% volatility adjustment).
original financing costing amount
As Published: 2004
original financing costing amount
17 (in relation to a share , debenture or other investment in, or external contribution to the capital of, a firm that is subject to a step-up ) the financing cost amount for the instrument for a peri…
market risk capital requirement
As Published: 2006
market risk capital requirement
40 the part of the capital resources requirement of a BIPRU firm in respect of market risk , calculated in accordance with GENPRU 2.1.52R (Calculation of the market risk capital requirement).
stock financing
As Published: 2006
stock financing
45 a transaction where a physical commodity is sold forward and the cost of funding is locked in until the date of the forward sale.
key investor information document
As Published: 2011
key investor information document
8 a short document containing key investor information for investors on the essential elements of a UCITS scheme , as detailed in COLL 4.7.2 R (Key investor information).
MCD credit intermediary
As Published: 2015
MCD credit intermediary
99 an MCD mortgage credit intermediary or an MCD article 3(1)(b) credit intermediary . [Note: article 4(5) and (21) of the MCD ]…
composite insurer
As Published: 2004
composite insurer
19 (in relation to firm type in SUP 16.10 (Confirmation of standing data )) an insurer with permission to effect or carry out both long-term insurance contracts and general insurance.