Search Result
trustee
As Published: 2001
trustee
(in accordance with section 237(2) of the Act (Other definitions)) (in relation to a unit trust scheme ) the person holding the property in question on trust for the participants . 3…
hirer
As Published: 2013
hirer
32 a person to whom goods are bailed or, in Scotland, hired under a consumer hire agreement , or a person to whom the rights and duties of a hirer under a consumer hire agreement have passed by assign…
payment transaction
As Published: 2015
payment transaction
(1) (for the purposes of FEES 9 ) an action of transferring funds, initiated by the payer or on its behalf or by the payee , irrespective of any underlying obligations between the payer and the payee…
COMP 5.4 Protected contracts of insurance
As Published: 2001
COMP 5.4 Protected contracts of insurance
…
MiFID RTS 26
As Published: 2017
MiFID RTS 26
118 Commission Delegated Regulation (EU) 2017/582 of 29 June 2016 supplementing MiFIR with regard to regulatory technical standards specifying the obligation to clear derivatives traded on regulated m…
assisted voluntary sale process
As Published: 2015
assisted voluntary sale process
118 a process in which a firm assists a customer to sell voluntarily property which is subject to a regulated mortgage contract or home purchase plan with the firm , over and above allowing the custom…
advising on conversion or transfer of pension benefits
As Published: 2015
advising on conversion or transfer of pension benefits
121 the regulated activity specified in article 53E of the Regulated Activities Order , which is described in 146 PERG 2.7.16GG .
regulated sale and rent back transaction
As Published: 2009
regulated sale and rent back transaction
76 a transaction involving a regulated sale and rent back agreement under which a SRB agreement seller , in return for the sale of a qualifying interest in land in whole or in part to a SRB agreement…
home finance transaction
As Published: 2006
home finance transaction
8 a regulated mortgage contract , home purchase plan , 19 home reversion plan or regulated sale and rent back agreement . 19…
supervisory volatility adjustments approach
As Published: 2006
supervisory volatility adjustments approach
45 the approach to calculating volatility adjustments under the financial collateral comprehensive method under which the firm uses the adjustments specified in BIPRU 5.4 (Financial collateral) rather…
IDD IPID Regulation
As Published: 2018
IDD IPID Regulation
160 Commission Implementing Regulation (EU) 2017/1469 of 11 August laying down a standardised presentation format for the insurance product information document. [Note: See http://eur-lex.europa.eu/el…
relevant omission
As Published: 2016
relevant omission
163 where the insurance intermediary has failed to: (a) pay monies to an insurer ; or (b) pay monies that it has received from an insurer ; or (c) take steps to cause a contract of insurance to be eff…
capital planning buffer
As Published: 2010
capital planning buffer
(in BIPRU 2.2 or IFPRU 2) the amount and quality of capital resources that a firm should hold at a given time in accordance with the general stress and scenario testing rule , so that the firm is able…
UK SMCR banking firm
As Published: 2018
UK SMCR banking firm
78 a firm identified as a UK SMCR banking firm in the decision tree in SYSC 23 Annex 1 (Definition of SMCR firm and different types of SMCR firms) and Part Four of that Annex.
ring-fencing
As Published: 2016
ring-fencing
165 the UK ring-fencing regime as provided for in the Act , including any statutory instruments and related FCA rules .
protected claim
As Published: 2001
protected claim
5 a claim which is covered by the compensation scheme , as defined in COMP 5.2.1 R .
CRD financial instrument
As Published: 2006
CRD financial instrument
48 has the meaning set out in BIPRU 1.2.7 R to BIPRU 1.2.8 R (CRD financial instruments), which is in summary any contract that gives rise to both a financial asset of one party and a financial liabil…