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statutory auditor
As Published: 2008
statutory auditor
67 a statutory auditor as that term is defined in section 1210 of the Companies Act 2006.
retail banking service
As Published: 2009
retail banking service
74 an arrangement with a banking customer , under which a firm agrees to accept a deposit from a banking customer on terms to be held in an account for that customer, and to provide services in relati…
first charge legal mortgage
As Published: 2015
first charge legal mortgage
81 a legal mortgage ranking in priority ahead of all other mortgages (if any) affecting the land in question, where "mortgage" includes charge and (in Scotland) a heritable security.
finance facility
As Published: 2016
finance facility
103 (in accordance with regulation 2 of the Small and Medium Sized Business (Finance Platforms) Regulations ) a facility which provides access to finance which is denominated in sterling and is a loan…
rated position
As Published: 2006
rated position
46 (for the purposes of MIPRU and 142 BIPRU 9 (Securitisation), in accordance with Part 1 of Annex IX of the Banking Consolidation Directive (Securitisation definitions) and in relation to a securitis…
small non-directive insurer
As Published: 2015
small non-directive insurer
143 a firm that is not a Solvency II firm and falls within the definition of ‘small non-directive insurer’ in the PRA Rulebook: Glossary.
regulatory current liabilities
As Published: 2004
regulatory current liabilities
29 (in relation to a with-profits fund ) the regulatory current liabilities of the with-profits fund calculated in accordance with 46 INSPRU 1.1.30R 46 .
qualifying venture capital fund
As Published: 2013
qualifying venture capital fund
21 has the meaning given in article 3(b) of the EuVECA regulation .
synthetic future
As Published: 2001
synthetic future
(a) a synthetic bought future, that is, a bought call option coupled with a written put option ; or (b) a synthetic sold future, that is, a bought put option coupled with a written call option ;provid…
tier three capital
As Published: 2006
tier three capital
26 an item of capital that is upper tier three capital or lower tier three capital .
electricity
As Published: 2001
electricity
(a) electricity in any form, including electricity as deliverable through the Balancing and Settlement Code ; (b) any right that relates to electricity, for example the right under a contract or other…
ESMA Prospectus Questions and Answers
As Published: 2015
ESMA Prospectus Questions and Answers
104 the Questions and Answers for prospectuses published by ESMA (ESMA/2016/576) 113 .
banking sector
As Published: 2004
banking sector
13 a sector composed of one or more of the following entities: (a) a credit institution ; (b) a financial institution ; and (c) an 23 ancillary services undertaking that is not an ancillary insurance…
material current year losses
As Published: 2010
material current year losses
67 (in IPRU(INV) 13) losses of an amount equal to 10 per cent or more of the amount by which the own funds or the capital resources under IPRU(INV) 13.15 82 of an undertaking exceed the own funds or t…
PRA-prescribed senior management responsibilities
As Published: 2015
PRA-prescribed senior management responsibilities
128 one of the functions described as: (a) a ‘prescribed responsibility’ in Chapter 4; or (b) a ‘small firm prescribed responsibility’ in Chapter 5; of the part of the PRA's rulebook called Allocation…
FSA scheme
As Published: 2001
FSA scheme
the former scheme operated by the FSA under paragraph 4 of Schedule 7 to the Financial Services Act 1986 for the investigation of complaints arising out of the conduct of investment business. 1…
repayment
As Published: 2014
repayment
132 includes repayment of credit with or without any other amount.
card issuer
As Published: 2015
card issuer
185 a payment service provider contracting with a payer to enable the latter to initiate a payment transaction , made by means of any card, telecommunication, digital or IT device or software.