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with-profits policy
As Published: 2003
with-profits policy
a long-term insurance contract which provides benefits through eligibility to participate in discretionary distributions based on profits arising from the firm's business or from a particular part of…
relevant asset pool
As Published: 2008
relevant asset pool
70 (in RCB ) (as defined in Regulation 1(2) of the RCB Regulations ) in relation to a regulated covered bond the asset pool from which the claims attaching to that bond are guaranteed to be paid by th…
FINMAR Sch 1 Record keeping requirements
As Published: 2010
FINMAR Sch 1 Record keeping requirements
…
net liability
As Published: 2011
net liability
42 (in CREDS ) means the outstanding balance of any loan made to the borrower and any interest on that loan that is due but unpaid, less any attached shares held by the borrower.
client equity balance
As Published: 2007
client equity balance
the sum of money as described in CASS 7.16.28 R .
execution factors
As Published: 2007
execution factors
39 price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of an order.
relevant authorised person
As Published: 2015
relevant authorised person
155 (a) an EEA relevant authorised person ; or 155 (b) a third country relevant authorised person ; or 155 (c) a UK relevant authorised person . 155…
renewal
As Published: 2004
renewal
17 carrying forward a contract, at the point of expiry and as a successive or separate operation of the same nature as the preceding contract, between the same contractual parties.
ring-fenced body
As Published: 2016
ring-fenced body
165 has the meaning in Section 142A of the Act .
admissible asset
As Published: 2001
admissible asset
has the same meaning as ‘admissible asset’ in the insurance sectors of the PRA Rulebook: Glossary. 128 21 117…
contractual cross product netting agreement
As Published: 2006
contractual cross product netting agreement
48 (for the purpose of BIPRU 13.7 (Contractual netting)) has the meaning set out in BIPRU 13.7.2 R , which is in summary a written bilateral agreement between a firm and a counterparty which creates a…
sub-pool disclosure document
As Published: 2014
sub-pool disclosure document
124 a document prepared by a firm containing the information required by CASS 7.19.9 R .
CFEB levy
As Published: 2010
CFEB levy
101 the levy payable to the FCA 282 pursuant to FEES 7.2.1 R by the persons listed in FEES 1.1.2R(5) .
standard CIU look through method
As Published: 2006
standard CIU look through method
45 the method for calculating the PRR for a position in a CIU set out in BIPRU 7.7.4 R and BIPRU 7.7.7 R to BIPRU 7.7.10 R .
MiFID RTS 3A
As Published: 2017
MiFID RTS 3A
118 Commission Delegated Regulation (EU) No 2017/1018 of 29 June 2016 supplementing MiFID with regard to regulatory technical standards specifying information to be notified by investment firms, marke…
making arrangements with a view to a home purchase plan
As Published: 2006
making arrangements with a view to a home purchase plan
34 the regulated activity , specified in article 25C(2) of the Regulated Activities Order , which is in summary: making arrangements with a view to a person who participates in the arrangements enteri…
close out
As Published: 2001
close out
(in COLL ) enter into a further transaction under which the obligation to deliver or receive which arises or may, at the option of the other party to the transaction, arise under the original transact…
range of packaged products, range
As Published: 2004
range of packaged products, range
26 28 (in relation to a firm ) the range of packaged products on which the firm gives advice on investments to retail clients 65 (see COBS 6.3 65 ) or if appropriate the list of packaged products in w…