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Solvency 1 Directive
As Published: 2004
Solvency 1 Directive
28 the Directive of the European Parliament and of the Council of 5 March 2002 amending Council Directive 79/267/EEC as regards the solvency margin requirements for life assurance undertakings (No. 20…
EEA MCR
As Published: 2004
EEA MCR
24 the MCR in relation to business carried on in all EEA States , taken together, calculated by a UK-deposit insurer in accordance with INSPRU 1.5.46R 34 .
total group tier one capital
As Published: 2004
total group tier one capital
14 the sum calculated at stage A of the calculation in INSPRU 6.1.43R 26 .
customer order
As Published: 2001
customer order
(a) an order to a firm from a customer to execute a transaction as agent; (b) any other order to a firm from a customer to execute a transaction in circumstances giving rise to duties similar to those…
new applicant
As Published: 2005
new applicant
(in LR ) an applicant that does not have any class of its securities already listed . 15…
inter-professional business
As Published: 2001
inter-professional business
(for the purposes only of COBS TP 1 (Transitional Provisions in relation to Client Categorisation)) business which comes within the meaning of 'inter-professional business' as defined in COB on 31 Oct…
intermediaries offer
As Published: 2001
intermediaries offer
(1) (in LR ) a marketing of securities already or not yet in issue, by means of an offer by, or on behalf of, the issuer to intermediaries for them to allocate to their own clients. 36 (2) [deleted] 1…
coordinator
As Published: 2004
coordinator
22 (in relation to a financial conglomerate ) the competent authority which has been appointed, in accordance with Article 10 of the Financial Groups Directive (Competent authority responsible for exe…
large mutual association
As Published: 2001
large mutual association
69 (1) (in COMP ) an unincorporated mutual association or unincorporated association (which is not a mutual association) with net assets of more than £1.4 million (or its equivalent in any other curre…
home territory
As Published: 2001
home territory
1 (in relation to an overseas investment exchange ) the country or territory in which its head office is situated.
store card
As Published: 2001
store card
a card restricted to paying for goods or services from a particular supplier or group of suppliers and where the price of the goods or services is paid directly to the supplier or group of suppliers b…
regulatory provisions
As Published: 2001
regulatory provisions
226 any rules, guidance, arrangements or policy issued by the investment exchange in connection with its business as an investment exchange or in connection with the provision by it of clearing facili…
version 2 credit union
As Published: 2001
version 2 credit union
a credit union which is not a version 1 credit union . 2…
EEA territorial scope rule
As Published: 2007
EEA territorial scope rule
39 COBS 1 Annex 1 , Part 2 40 paragraph 1(1) (which provides that the territorial scope of COBS is modified to the extent necessary to be compatible with European law).
IFPRU limited-activity firm
As Published: 2013
IFPRU limited-activity firm
148 124 a limited activity 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 .
lead generator
As Published: 2014
lead generator
56 a person that acquires the personal contact details of customers and passes the customers' details to a firm in return for a fee.
net written premiums
As Published: 2004
net written premiums
13 gross written premiums , less reinsurance premiums payable under reinsurance ceded.