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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).
out of the money
As Published: 2006
out of the money
29 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) that option or warrant being neither at the money nor in the money .
issuing payment instruments
As Published: 2018
issuing payment instruments
153 (in accordance with regulation 2(1) of the Payment Services Regulations ) a payment service by a payment service provider contracting with a payer to provide a payment instrument to initiate payme…
traded life policy
As Published: 2001
traded life policy
a life policy which is to be or has been assigned for value by the policyholder to another person . 3…
transaction-specific advice
As Published: 2001
transaction-specific advice
advice on investments (except P2P agreements) 73 : (a) given in connection with 35 : 35 (i) dealing in investments as principal ; or 35 (ii) dealing in investments as agent ; or 35 (iii) acting as an…
VaR model
As Published: 2006
VaR model
8 a value at risk model as described in BIPRU 7.10 (Use of a Value at Risk Model).
entering into a regulated mortgage contract
As Published: 2003
entering into a regulated mortgage contract
14 16 the regulated activity , specified in article 61(1) of the Regulated Activities Order , which is in summary: entering into a regulated mortgage contract as lender. 17…
RPPD
As Published: 2007
RPPD
55 the Regulatory Guide which contains a statement of the responsibilities of providers and distributors for the fair treatment of customers .
intermediate broker
As Published: 2001
intermediate broker
(in relation to a transaction in a contingent liability investment ) any person acting in the capacity of an intermediary through whom the firm undertakes that transaction. 5…
media operator
As Published: 2014
media operator
97 a news vendor that receives regulated information from a regulatory information service and then disseminates that information to the public as soon as possible.
MiFID authorisation and management body change notification ITS
As Published: 2018
MiFID authorisation and management body change notification ITS
129 Commission Implementing Regulation 2017/1945 of 19 June 2017 laying down implementing technical standards with regard to notifications by and to applicant and authorised investment firms.
designated guidance providers
As Published: 2015
designated guidance providers
99 the bodies listed in section 333E(1) of the Act to provide the pensions guidance .
marketing group
As Published: 2009
marketing group
66 a group of persons who: (a) are allied together (either formally or informally) for the purposes of marketing packaged products of the group 114 ; and (b) each of whom, if it holds itself out in th…
Insurance Mediation Directive
As Published: 2004
Insurance Mediation Directive
22 the European Parliament and Council Directive of 9 December 2002 on insurance mediation (No 2002/92/EC).
core deposit
As Published: 2016
core deposit
200 core deposits within the meaning of article 2(2) of the Financial Services and Markets Act 2000 (Ring-Fenced Bodies and Core Activities) Order 2014 (SI 2014/1960).