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settlement discount scheme
As Published: 2005
settlement discount scheme
36 (in DEPP and EG 58 ) the scheme described in DEPP 6.7 58 by which the financial penalty that might otherwise be payable, or the length of the period of suspension or restriction that might otherwis…
SUP 16 Annex 40 Data items related to recovery and information for resolution plans
As Published: 2015
SUP 16 Annex 40 Data items related to recovery and information for resolution plans
…
joint enterprise
As Published: 2001
joint enterprise
(as defined in article 3(1) of the Regulated Activities Order (Interpretation)) an enterprise into which two or more persons ("the participators") enter for commercial purposes related to a business o…
relevant general insurance contract
As Published: 2001
relevant general insurance contract
(in COMP ) any general insurance contract other than: (a) [deleted] (b) [deleted] (c) a contract falling within any of the following classes: (i) aircraft ; (ii) ships ; (iii) goods in transit ; (iv)…
processing entity
As Published: 2015
processing entity
133 any person providing payment transaction processing services, in terms of the actions required for the handling of a payment instruction between the acquirer and the card issuer in a card payment…
VaR specific risk minimum requirements
As Published: 2006
VaR specific risk minimum requirements
8 BIPRU 7.10.46R to BIPRU 7.10.52R (Model standards: Risk factors: Specific risk) and BIPRU 7.10.107R (Backtesting: Specific risk backtesting).
interest-only mortgage
As Published: 2003
interest-only mortgage
20 a regulated mortgage contract other than a repayment mortgage .
internal system evaluation method
As Published: 2014
internal system evaluation method
132 a method for performing an internal custody record check , described in CASS 6.6.19 R .
exempt regulated activity
As Published: 2001
exempt regulated activity
(as defined in section 325(2) of the Act (FCA's 167 general duty)) a regulated activity which may, as a result of Part XX of the Act (Provision of Financial Services by Members of the Professions), be…
communicate
As Published: 2001
communicate
(in relation to a financial promotion ) to communicate in any way, including causing a communication to be made or directed. [Note: section 21(13) of the Act (Restrictions on financial promotion) and…
OTC derivative transaction
As Published: 2013
OTC derivative transaction
61 a derivative financial instrument of a type listed on Annex II to the CRR that is traded over the counter.
pension annuity
As Published: 2001
pension annuity
an investment purchased with the sums derived from the vesting (partial or full) of a pension policy or pension contract , for the purposes of securing the beneficiary's entitlement to immediate or fu…
recognised overseas investment exchange
As Published: 2001
recognised overseas investment exchange
an overseas investment exchange which is declared by a recognition order for the time being in force to be a recognised investment exchange . 5…
administering a home reversion plan
As Published: 2006
administering a home reversion plan
32 the regulated activity , specified in article 63B(2) of the Regulated Activities Order , which is in summary: administering a home reversion plan where the plan was entered into on or after 6 April…
platform service provider
As Published: 2011
platform service provider
92 a firm providing a platform service .
regulated covered bond
As Published: 2008
regulated covered bond
70 (in RCB ) (as defined in Regulation 1(2) of the RCB Regulations ) a covered bond or programme of covered bonds , as the case may be, which is admitted to the register of regulated covered bonds mai…
energy collective investment scheme
As Published: 2001
energy collective investment scheme
a collective investment scheme , the property of which consists only of energy , energy investments, emissions allowances 73 , tradable renewable energy credits or cash awaiting investment. 2…