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business of advising
As Published: 2017
business of advising
72 the business of a firm in providing: (1) advice on P2P agreements ; (2) in relation to advising on investments (except P2P agreements) : (a) personal recommendations ; (b) non-personal recommendati…
IFPRU 730K firm
As Published: 2013
IFPRU 730K firm
124 has the meaning in IFPRU 1.1.11 R (Types of investment firm: IFPRU 730K firm) which in summary is an IFPRU investment firm that is not a collective portfolio management investment firm , a IFPRU 5…
individual savings account
As Published: 2001
individual savings account
an account which is a scheme of investment satisfying the conditions prescribed in the ISA Regulations . 5…
life and annuity
As Published: 2001
life and annuity
(in relation to a class of contract of insurance ) the class of contract of insurance , specified in paragraph I of Part II of Schedule 1 to the Regulated Activities Order (Contracts of long-term insu…
closed-ended
As Published: 2005
closed-ended
(in UKLR 282 ) (in relation to investment entities) an investment entity 255 which is not an open-ended investment company . 31…
scheme pension
As Published: 2005
scheme pension
a scheme pension, as defined in paragraph 2 of Schedule 28 to the Finance Act 2004, which is in summary a pension payable until a pension scheme member's death, or until the later of the member's deat…
dual-regulated firms remuneration principles proportionality rule
As Published: 2015
dual-regulated firms remuneration principles proportionality rule
96 SYSC 19D.3.3R which, in summary, requires a dual-regulated firm to apply the remuneration principles for dual-regulated firms in SYSC 19D proportionate to its size, internal organisation and the na…
scheme report
As Published: 2001
scheme report
(in SUP 18 ) the report on the terms of an insurance business transfer scheme required by section 109 of the Act (Scheme reports). 4…
cash-only lifetime ISA
As Published: 2017
cash-only lifetime ISA
210 a lifetime ISA which can include only those qualifying investments prescribed in paragraphs 8(2)(a), (b), (h), (j) and (n) to (q) of the ISA Regulations .
overseas long-term insurer
As Published: 2001
overseas long-term insurer
an insurance undertaking which is not an authorised person and which: (a) 96 (b) 96 (c) is authorised to effect or carry on long-term insurance business in the Bailiwick of Jersey, the Bailiwick of Gu…
investment transaction
As Published: 2001
investment transaction
a transaction to buy , sell , subscribe for or underwrite a security or contractually based investment . 5…
regulated activity debt
As Published: 2004
regulated activity debt
an obligation to pay a sum due and payable under an agreement, the making or performance of which constitutes or is part of a regulated activity carried on by an individual who: (a) is, or has been, a…
foreign currency
As Published: 2002
foreign currency
143 (in relation to a firm 23 ) any currency other than the base currency .
serious ill-health
As Published: 2020
serious ill-health
188 a medical condition that is likely to reduce the life expectancy of a retail client to below age 75.
CCP
As Published: 2012
CCP
a legal person that interposes itself between the counterparties to the contracts traded on one or more financial markets, becoming the buyer to every seller and the seller to every buyer, as defined…
membership of a Lloyd's syndicate
As Published: 2001
membership of a Lloyd's syndicate
3 the investment , specified in article 86(2) of the Regulated Activities Order , which is a person 's membership (or prospective membership) of a Lloyd's syndicate .