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non-executive director
As Published: 2001
non-executive director
a director who has no responsibility for implementing the decisions or the policies of the governing body of a firm . 2…
premiums amount
As Published: 2004
premiums amount
25 (for the purposes of 43 INSPRU 1.1 43 ), an amount, as defined in 43 INSPRU 1.1.45R 43 , used in the calculation of the general insurance capital requirement .
EEA UCITS scheme
As Published: 2011
EEA UCITS scheme
69 a collective investment scheme established in accordance with the UCITS Directive in an EEA State other than the United Kingdom .
MCD contingent liability or guarantee
As Published: 2015
MCD contingent liability or guarantee
99 an MCD credit agreement which acts as a guarantee to another separate, but ancillary, transaction and where the capital secured against an immovable property is only drawn down if an event specifie…
market abuse
As Published: 2005
market abuse
77 (1) behaviour prohibited by: 110 (a) articles 14 and 15 of the Market Abuse Regulation ; or 110 (b) articles 38 to 41 113 of 110 the auction regulation 113 .
corporate member
As Published: 2004
corporate member
18 a member that is a body corporate or a Scottish Limited partnership.
Electronic Money Directive
As Published: 2011
Electronic Money Directive
71 171 Directive 2009/110/EC of the European Parliament and of the Council of 16th September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions,…
conventional group
As Published: 2004
conventional group
22 a group of undertakings that consists of a parent undertaking and the rest of its sub-group .
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…