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portfolio management
As Published: 2007
portfolio management
46 managing portfolios in accordance with mandates given by clients on a discretionary client -by- client basis where such portfolios include one or more financial instruments . [Note: article 4(1)(8)…
exempt IFPRU commodities firm
As Published: 2013
exempt IFPRU commodities firm
89 an IFPRU investment firm which falls within the meaning in articles 493(1) and 498(1) of the EU CRR .
designated non-member
As Published: 2001
designated non-member
(in REC ) (in relation to a UK RIE ) a person in respect of whom action may be taken under the default rules of the RIE but who is not a member of the RIE . 3…
tier two instrument
As Published: 2004
tier two instrument
a 14 capital instrument 26 that meets the conditions inGENPRU 2.2.159R (General conditions for eligibility as tier two capital instruments) or GENPRU 2.2.177R (Upper tier two capital: General) 26 and…
execute
As Published: 2001
execute
(in relation to a transaction) carry into effect or perform the transaction, whether as principal or as agent, including instructing another person to execute the transaction. 4…
CASS small debt management firm
As Published: 2014
CASS small debt management firm
157 a CASS debt management firm falling within the classification of CASS small debt management firm in CASS 11.2.3 R .
carrying out contracts of insurance
As Published: 2001
carrying out contracts of insurance
the regulated activity , specified in article 10(2) of the Regulated Activities Order (Effecting and carrying out contracts of insurance), of carrying out a contract of insurance as principal. 3…
one-day VaR measure
As Published: 2006
one-day VaR measure
29 (in BIPRU 7.10 (Use of a value at risk model)) has the meaning in BIPRU 7.10.98R (Backtesting: One day VaR measure), which is in summary and in relation to a particular business day , the VaR numbe…
finance platform
As Published: 2016
finance platform
103 (in accordance with section 7(2) of the Small Business, Enterprise and Employment Act ) a person that provides a service for the exchange of information between finance providers and businesses th…
ADR entity
As Published: 2015
ADR entity
120 187 any entity, however named or referred to, which is listed in accordance with article 20(2) of the ADR Directive . [Note: article 4(1) of the ADR Directive ]…
resilience capital requirement
As Published: 2004
resilience capital requirement
29 the capital component for long-term insurance business calculated in accordance with the rules in INSPRU 3.1.9G to INSPRU 3.1.26R 46 .
sovereign controlled commercial company
As Published: 2018
sovereign controlled commercial company
170 an issuer in which a State exercises or controls 30% or more of the votes able to be cast on all or substantially all matters at general meetings of that company .
SUP App 2.9 Under control of a new parent undertaking
As Published: 2001
SUP App 2.9 Under control of a new parent undertaking
…
own-initiative variation power
As Published: 2013
own-initiative variation power
116 The FCA's or the PRA's power under section 55J (Variation or cancellation on initiative of regulator) to vary or cancel a Part 4A permission otherwise than on the application of a firm .
business illustration
As Published: 2003
business illustration
9 an illustration for a regulated mortgage contract that is for a business purpose.
standard terms
As Published: 2001
standard terms
(in DISP ) the contractual terms made under paragraph 18 of Schedule 17 to the Act (The Ombudsman Scheme), under which VJ participants participate in the Voluntary Jurisdiction . 5 22…