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UK designated investment firm
As Published: 2013
UK designated investment firm
53 (in BIPRU 12 and in 72 SYSC 19D 60 ) a designated investment firm which is a body corporate or partnership formed under the law of any part of the UK .
smoothed linked long term stakeholder product
As Published: 2004
smoothed linked long term stakeholder product
27 the stakeholder product specified by regulations 6, 7 and 8 (smoothed linked long term contracts) of the Stakeholder Regulations ;…
Lloyd's Arbitration Scheme
As Published: 2001
Lloyd's Arbitration Scheme
the Lloyd's Arbitration Scheme (Members and Underwriting Agents Arbitration Scheme) established under Lloyd's Arbitration Scheme (Members and Underwriting Agents Scheme) Byelaw (No 15 of 1992). 2…
securities issued in a continuous and repeated manner
As Published: 2005
securities issued in a continuous and repeated manner
(in PR ) (as defined in Article 2.1(l) of the prospectus directive ) issues on tap or at least two separate issues of securities of a similar type and/or class over a period of 12 months. 34…
core UK group permission
As Published: 2013
core UK group permission
153 a permission given by the FCA under article 113(6) of the EU CRR (see IFPRU 8.1.14 G to IFPRU 8.1.21 G ).
consumer credit lending
As Published: 2014
consumer credit lending
157 in accordance with article 60B of the Regulated Activities Order , entering into a regulated credit agreement as lender or exercising, or having the right to exercise, the lender's rights and duti…
establishment costs
As Published: 2001
establishment costs
(1) (in FEES 6 27 27 ) the costs of establishing the compensation scheme . (2) (in FEES 5 4 3 27 27 ) the costs of establishing the Financial Ombudsman Service .
receiving UCITS
As Published: 2011
receiving UCITS
99 (in COLL ) in relation to a UCITS merger , the UCITS scheme or EEA UCITS scheme or sub-fund of that scheme , whether it is an existing scheme (or a sub-fund of it) or one that is being formed for t…
MCD firm
As Published: 2015
MCD firm
99 any of the following: (a) an MCD creditor ; (b) an MCD credit intermediary ; or (c) an MCD mortgage administrator . [Note: article 4(2), (5) and (21) of the MCD ]…
ISA transfer
As Published: 2001
ISA transfer
a transaction resulting from a decision, made with or without advice from a firm , by a customer who is an individual, to transfer the investments (or their value) held in his existing ISA in favour o…
relevant charitable scheme
As Published: 2001
relevant charitable scheme
an authorised fund which is: (a) a registered charity; or (b) a charitable unit trust scheme under regulation 7(2)(d) of the Income Tax (Definition of Unit Trust Scheme) Regulations 1988. 5…
non-real time financial promotion
As Published: 2001
non-real time financial promotion
(in accordance with article 7(2) of the Financial Promotion Order ) a financial promotion that is not a real time financial promotion . 2 4…
insurance conglomerate
As Published: 2004
insurance conglomerate
a financial conglomerate that is identified in paragraph 4.3 of GENPRU 3 Annex 1 (Types of financial conglomerate) as an insurance conglomerate. 52…
external client money reconciliation
As Published: 2014
external client money reconciliation
94 the client money reconciliation described in CASS 7.15.20 R .
IFPRU limited-licence firm
As Published: 2013
IFPRU limited-licence firm
124 124 a limited licence firm that meets the following conditions: (a) it is a firm ; and (b) its head office is in the UK and it is not otherwise excluded under IFPRU 1.1.5 R .
global account
As Published: 2001
global account
the aggregate 17 accounts produced by the Council in accordance with Regulation 8(1) of the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004. 17…
credit reference agency
As Published: 2013
credit reference agency
151 a person providing credit references .
composite firm
As Published: 2004
composite firm
27 a firm that carries on both long-term insurance business and general insurance business .
upper tier two instrument
As Published: 2004
upper tier two instrument
11 a capital instrument 19 that meets the conditions in GENPRU 2.2.177 R (Upper tier two capital: General) 19 and is eligible to form part of a firm 's upper tier two capital resources .
appropriate actuary
As Published: 2001
appropriate actuary
4 an actuary appointed under PRA Rulebook: Non-Solvency II Firms – Actuarial Requirements 128 (Appointment of an appropriate actuary).