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minimum capital requirement
As Published: 2004
minimum capital requirement
24 an amount of capital resources that a firm must hold as set out in GENPRU 2.1.24 R and GENPRU 2.1.25 R 40 .
UK pure reinsurer
As Published: 2009
UK pure reinsurer
37 a pure reinsurer whose head office is in the United Kingdom .
non-margined transaction
As Published: 2014
non-margined transaction
56 a transaction executed by a firm : (a) for, or on behalf of, a client in relation to MiFID business and/or designated investment business ; and (b) which is not a margined transaction .
FUND 10 Annex 1 National private placement notification
As Published: 2013
FUND 10 Annex 1 National private placement notification
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PRA-regulated Activities Order
As Published: 2013
PRA-regulated Activities Order
114 the Financial Services and Market Act 2000 (PRA-regulated Activities) Order 2013 (SI 2013/556).
skilled person
As Published: 2001
skilled person
a person appointed to make a report required by section 166 (Reports by skilled persons) or section 166A (Appointment of skilled person to collect and update information) of the Act for provision to t…
limited partnership scheme
As Published: 2013
limited partnership scheme
45 (as defined in section 235A(5) of the Act (Contractual schemes)) a collective investment scheme which satisfies the conditions in section 235A(6) and which is authorised for the purposes of the Act…
specific risk position risk adjustment
As Published: 2013
specific risk position risk adjustment
(in BIPRU ) 121 224 a position risk adjustment for specific risk including any such position risk adjustment as applied under BIPRU 7.6.8 R (Table: Appropriate position risk adjustment).
field representative
As Published: 2001
field representative
an appointed representative or, where applicable, a tied agent 30 , or an employee of the firm (or of its appointed representative or, where applicable, its tied agent 30 ), whose normal fixed place o…
providing information in relation to a specified benchmark
As Published: 2013
providing information in relation to a specified benchmark
106 The regulated activity , specified in article 63O(1)(a) of the Regulated Activities Order , which in summary means making benchmark submissions .
safeguarded benefits
As Published: 2015
safeguarded benefits
135 has the meaning given in section 48(8) of the Pension Schemes Act 2015 which is benefits other than money purchase benefits and cash balance benefits.
IFPRU TP 8 Countercyclical capital buffer: transitional
As Published: 2014
IFPRU TP 8 Countercyclical capital buffer: transitional
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current account
As Published: 2013
current account
149 (in CONC App 1 ) an account under which the customer may, by means of cheques or similar orders payable to the customer or to any other person or by any other means, obtain or have the use of mone…
range of stakeholder products, range
As Published: 2004
range of stakeholder products, range
28 (in relation to a firm ) the range of stakeholder products on which the firm gives advice (see COBS 9.6 57 ); References to a firm's range (or ranges) of stakeholder products include, where the con…
current FCA approved person approval
As Published: 2013
current FCA approved person approval
281 a current approved person approval given by the FCA .
intermediate customer
As Published: 2001
intermediate customer
(for the purposes only of COBS TP 1 (Transitional Provisions in relation to Client Categorisation)) 68 any person classified as an 'intermediate customer' under COB on 31 October 2007, in accordance w…
refinance
As Published: 2013
refinance
127 see the definition of finance (except in relation to CONC 6.7.18 R to CONC 6.7.23 R and CONC 7.6.12 R ) 132 .