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independent advice
As Published: 2010
independent advice
89 a personal recommendation to a client 150 where the personal recommendation provided meets the requirements of the rule on independent advice ( COBS 6.2B.11R 150 ).
with-profits advisory arrangement
As Published: 2012
with-profits advisory arrangement
(a) 23 an independent person; or (b) if appropriate, one or more non-executive directors appointed to provide independent judgment to the governing body of a firm ; FCA controlled functions which sati…
SUP 16 Annex 40 Data items related to recovery and information for resolution plans
As Published: 2015
SUP 16 Annex 40 Data items related to recovery and information for resolution plans
…
joint enterprise
As Published: 2001
joint enterprise
(as defined in article 3(1) of the Regulated Activities Order (Interpretation)) an enterprise into which two or more persons ("the participators") enter for commercial purposes related to a business o…
relevant general insurance contract
As Published: 2001
relevant general insurance contract
(in COMP ) any general insurance contract other than: (a) [deleted] (b) [deleted] (c) a contract falling within any of the following classes: (i) aircraft ; (ii) ships ; (iii) goods in transit ; (iv)…
processing entity
As Published: 2015
processing entity
133 any person providing payment transaction processing services, in terms of the actions required for the handling of a payment instruction between the acquirer and the card issuer in a card payment…
VaR specific risk minimum requirements
As Published: 2006
VaR specific risk minimum requirements
8 BIPRU 7.10.46R to BIPRU 7.10.52R (Model standards: Risk factors: Specific risk) and BIPRU 7.10.107R (Backtesting: Specific risk backtesting).
interest-only mortgage
As Published: 2003
interest-only mortgage
20 a regulated mortgage contract other than a repayment mortgage .
internal system evaluation method
As Published: 2014
internal system evaluation method
132 a method for performing an internal custody record check , described in CASS 6.6.19 R .
exempt regulated activity
As Published: 2001
exempt regulated activity
(as defined in section 325(2) of the Act (FCA's 167 general duty)) a regulated activity which may, as a result of Part XX of the Act (Provision of Financial Services by Members of the Professions), be…
communicate
As Published: 2001
communicate
(in relation to a financial promotion ) to communicate in any way, including causing a communication to be made or directed. [Note: section 21(13) of the Act (Restrictions on financial promotion) and…
OTC derivative transaction
As Published: 2013
OTC derivative transaction
61 a derivative financial instrument of a type listed on Annex II to the CRR that is traded over the counter.
employment-related claim
As Published: 2019
employment-related claim
132 a claim of the description specified in article 89F(2)(h) of the Regulated Activities Order .
recognised overseas investment exchange
As Published: 2001
recognised overseas investment exchange
an overseas investment exchange which is declared by a recognition order for the time being in force to be a recognised investment exchange . 5…
administering a home reversion plan
As Published: 2006
administering a home reversion plan
32 the regulated activity , specified in article 63B(2) of the Regulated Activities Order , which is in summary: administering a home reversion plan where the plan was entered into on or after 6 April…
platform service provider
As Published: 2011
platform service provider
92 a firm providing a platform service .
regulated covered bond
As Published: 2008
regulated covered bond
70 (in RCB ) (as defined in Regulation 1(2) of the RCB Regulations ) a covered bond or programme of covered bonds , as the case may be, which is admitted to the register of regulated covered bonds mai…