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on-exchange
As Published: 2001
on-exchange
(a) (in relation to a transaction in the United Kingdom ) effected by means of the facilities of, or governed by the rules of, an RIE or a regulated market ; (b) (in relation to any other transaction)…
home finance administration
As Published: 2008
home finance administration
17 any of the regulated activities of: (a) administering a regulated mortgage contract ; (b) administering a home purchase plan ; (c) administering a home reversion plan ; 19 (cc) administering a regu…
liability of ships
As Published: 2001
liability of ships
2 (in relation to a class of contract of insurance ) the class of contract of insurance , specified in paragraph 12 of Part I of Schedule 1 to the Regulated Activities Order (Contracts of general insu…
payment system
As Published: 2015
payment system
120 133 139 a system which is operated by one or more persons in the course of business for the purpose of enabling persons to make transfers of funds, and includes a system which is designed to facil…
Network Code
As Published: 2001
Network Code
the network code prepared by Transco plc in accordance with condition 7 of the public gas transporter licence granted or treated as granted to Transco plc under section 7(2) of the Gas Act 1986, as in…
approved collateral
As Published: 2001
approved collateral
4 any form of security for the discharge of any liability arising from a contingent liability investment (other than a guarantee) which: (a) (in relation to an on-exchange transaction) is acceptable u…
distance selling contract
As Published: 2009
distance selling contract
54 (in BCOBS ) has the same meaning as "distance contract" in the Consumer Protection (Distance Selling) Regulations 2000 (SI 2000/2334).
with-profits insurance contract
As Published: 2004
with-profits insurance contract
7 a long-term insurance contract which provides for the policyholder to be eligible to participate in any surplus arising on the whole of, or any part of, the insurer 's long-term insurance business .
members' adviser
As Published: 2001
members' adviser
3 a firm whose permission includes advising on syndicate participation at Lloyd's , but which is not an underwriting agent .
implicit items
As Published: 2004
implicit items
32 (in relation to long-term insurance business ) economic reserves arising in respect of future profits, zillmerising or hidden reserves as more fully described in 52 GENPRU 2 Annex 8 52 .
initial contact
As Published: 2012
initial contact
108 the first occasion when a firm is in contact with the customer and may perform any of the following in relation to a home finance transaction : (a) advising on the transaction; (b) arranging (brin…
AIFM investment management functions
As Published: 2013
AIFM investment management functions
101 investment management functions of an AIFM as set out in 1(a) (portfolio management) or (b) (risk management) of Annex I to AIFMD .
overseas investment exchange
As Published: 2001
overseas investment exchange
an investment exchange which has neither its head office nor its registered office in the United Kingdom . 4…
Lloyd's member's contribution
As Published: 2004
Lloyd's member's contribution
9 assets: (a) provided to a managing agent in response to a cash call; or (b) held by the Society as funds at Lloyds.
deposit-taking firm
As Published: 2001
deposit-taking firm
a firm which is a bank , building society or credit union . 3…
relevant EEA details
As Published: 2007
relevant EEA details
64 the details listed in regulation 14 of the EEA Passport Rights Regulations and set out in SUP 13 Annex 1 (Requisite details or relevant details: branches).
advance payment
As Published: 2014
advance payment
107 includes any deposit but does not include a repayment of credit or any insurance premium or any amount entering in the total charge for credit .