Search Result
income equalisation
As Published: 2001
income equalisation
(in relation to a scheme ) a capital sum which, in accordance with a power contained in the instrument constituting the fund 128 , is included in an allocation of income for a unit issued, sold or con…
front end loaded
As Published: 2001
front end loaded
2 (in relation to an investment ) one where deductions for charges and expenses are loaded disproportionately on the early years.
relevant debts under management
As Published: 2014
relevant debts under management
132 in relation to a firm , a debt due under a credit agreement or a consumer hire agreement in relation to which the firm is carrying on debt adjusting or an activity connected to that activity.
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…
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…
lead generator
As Published: 2014
lead generator
56 (1) 78 a person that acquires the personal contact details of customers and passes the customers' details to a firm in return for a fee; 78 (2) (in CMCOB , and elsewhere in the FCA Handbook where u…
constraining benchmark
As Published: 2019
constraining benchmark
232 as defined in COLL 4.2.5R(3)(c-b)(ii) .
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…
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 .