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undertaking
As Published: 2001
undertaking
(as defined in section 1161(1) of the Companies Act 2006 28 (Meaning of "undertaking" and related expressions)): (a) a body corporate or partnership ; or (b) an unincorporated association carrying on…
modified report
As Published: 2012
modified report
78 (in LR ) an accountant's or auditor's report: (a) in which the opinion is modified; or (b) which contains an emphasis-of-matter paragraph.
clearing arrangement mandatory prudent segregation
As Published: 2014
clearing arrangement mandatory prudent segregation
166 the requirement under CASS 7.13.73 R on a firm using the normal approach to segregate an amount of money as client money .
class 1 transaction
As Published: 2005
class 1 transaction
(in LR and FEES 35 ) a transaction classified as a class 1 transaction under LR 10 . 31…
overseas firm
As Published: 2001
overseas firm
(1) (in relation to MAR 5 and MAR 5A 86 ) a firm which has its registered office (or, if it has no registered office, its head office) outside the United Kingdom excluding an incoming EEA firm . 30 (2…
SCR
As Published: 2015
SCR
131 means the solvency capital requirement calculated in accordance with the Solvency Capital Requirement - General Provisions; Standard Formula; and Internal Models Parts of the PRA Rulebook: Solvenc…
related undertaking
As Published: 2004
related undertaking
29 in relation to an undertaking ("U"): (a) any subsidiary undertaking of U; or (b) any undertaking in which U or any of U's subsidiary undertakings holds a participation; or (c) any undertaking linke…
politically exposed person
As Published: 2018
politically exposed person
165 as defined in regulation 35(12) of the Money Laundering Regulations .
inherited estate
As Published: 2003
inherited estate
in relation to each with-profits fund : 134 (1) for a firm which is not a Solvency II firm , an amount representing the fair market value of the with-profits assets less the value of liabilities, exce…
major subsidiary undertaking
As Published: 2005
major subsidiary undertaking
(in LR ) a subsidiary undertaking that represents 25% or more of the aggregate of the gross assets or profits (after deducting all charges except taxation) of the group . 28…
capital resources table
As Published: 2006
capital resources table
156 (1) [deleted] 189 (2) [deleted] (3) [deleted] (4) (in relation to a BIPRU firm ) whichever of the tables in GENPRU 2 Annex 4 , GENPRU 2 Annex 5 or GENPRU 2 Annex 6 applies to the firm under GENPRU…
inception
As Published: 2007
inception
67 in relation to permitted links , refers to the time when the liability of the insurer under a linked long-term contract of insurance commenced.
interested party
As Published: 2001
interested party
(in relation to an application made under section 60 of the Act (Applications for approval)): (a) the firm making the application; (b) the person in respect of whom the application is being made ("A")…
registered account information service provider
As Published: 2018
registered account information service provider
176 (in accordance with regulation 2(1) of the Payment Services Regulations ) an account information service provider registered pursuant to regulation 18 of the Payment Services Regulations and inclu…
certificate representing equity securities
As Published: 2005
certificate representing equity securities
(in LR ) a certificate representing certain securities where the certificate or other instrument confers rights in respect of equity securities . 31…
providing credit references
As Published: 2013
providing credit references
112 the regulated activity specified in article 89B of the Regulated Activities Order .
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
As Published: 2001
managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's
the regulated activity , specified in article 57 of the Regulated Activities Order (Managing the underwriting capacity of a Lloyd's syndicate), of managing the underwriting capacity of a Lloyd's syndi…
venture capital trust
As Published: 2005
venture capital trust
(in LR ) a company which is, or which is seeking to become, approved as a venture capital trust under section 842AA of the Income and Corporation Taxes Act 1988. 6…
composite insurer
As Published: 2004
composite insurer
19 (in relation to firm type in SUP 16.10 (Confirmation of firm details 221 )) an insurer with permission to effect or carry out both long-term insurance contracts and general insurance.