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regulated activity group
As Published: 2006
regulated activity group
49 A set of one or more regulated activities (with associated investment types and customer types) referred to in SUP 16 to determine a firm's or other regulated person's data item submission requirem…
ISA manager
As Published: 2001
ISA manager
a person who is approved by HM Revenue and Customs 35 for the purposes of the ISA Regulations as an account manager. 5…
regulatory basis only life firm
As Published: 2004
regulatory basis only life firm
29 a firm carrying on long-term insurance business .
PRA-approved person
As Published: 2013
PRA-approved person
224 an approved person in relation to whom the PRA has given its approval under section 59 of the Act (Approval for particular arrangements) for the performance of a PRA controlled function .
qualified investor scheme
As Published: 2014
qualified investor scheme
an authorised fund whose instrument constituting the fund 24 contains the statement in COLL 8.2.6 R 1(2) (Table: contents of the instrument constituting the fund 24 ) that it is a qualified investor s…
scheme of operations
As Published: 2001
scheme of operations
a scheme which: (a) describes the nature of the risks which the insurer is underwriting, or intends to underwrite, and the guiding principles which it intends to follow in reinsuring or covering those…
exempt MCD credit agreement
As Published: 2015
exempt MCD credit agreement
102 an exempt MCD regulated mortgage contract or an exempt article 3(1)(b) credit agreement .
buying
As Published: 2001
buying
4 (in accordance with article 3(1) of the Regulated Activities Order (Interpretation)) any form of buying, including acquiring for valuable consideration.
MiFID business bidding
As Published: 2012
MiFID business bidding
77 the regulated activity of bidding in emissions auctions where it is carried on by a MiFID investment firm (other than a UCITS investment firm ) in relation to a financial instrument .
designated bank
As Published: 2016
designated bank
104 a person designated as such for the purposes of regulation 9 of the Small and Medium Sized Business (Credit Information) Regulations or regulation 9 of the Small and Medium Sized Business (Finance…
convertible securities
As Published: 2005
convertible securities
(in LR and FEES 140 ) a security which is: (a) convertible into, or exchangeable for, other securities ; or (b) accompanied by a warrant or option to subscribe for or purchase other securities . 31…
corporate finance advisory firm
As Published: 2001
corporate finance advisory firm
a firm whose permission includes a requirement that the firm must not conduct designated investment business other than corporate finance business . 3…
rolling spot forex contract
As Published: 2001
rolling spot forex contract
either of the following: (a) a future , other than a future traded or expressed to be as traded on a recognised investment exchange , where the property which is to be sold under the contract is forei…
accumulating with-profits policy
As Published: 2004
accumulating with-profits policy
21 a with-profits insurance contract which has a readily identifiable current benefit, whether or not this benefit is currently realisable, which is adjusted by an amount explicitly related to the amo…
self-invested personal pension scheme
As Published: 2006
self-invested personal pension scheme
40 an arrangement which forms all or part of a personal pension scheme , which gives the member the power to direct how some or all of the member's contributions are invested.
recognition requirement
As Published: 2001
recognition requirement
(1) (in relation to a UK RIE 229 ) any of the requirements applicable to that body under the Recognition Requirements Regulations. (2) (in relation to a body applying for recognition as a UK RIE 229 )…
proxy capital resources requirement
As Published: 2004
proxy capital resources requirement
25 the minimum capital requirement to which an undertaking would have been subject if it had permission for each activity it carries on anywhere in the world, so far as that activity is a regulated ac…
successor
As Published: 2016
successor
151 (in COMP ) a person who has assumed responsibility for liabilities arising from acts or omissions of a relevant person .
approved quasi-derivative
As Published: 2004
approved quasi-derivative
21 a quasi-derivative in respect of which the conditions in 37 INSPRU 3.2.5 R 37 are met.