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credit limit
As Published: 2013
credit limit
149 in accordance with article 60L of the Regulated Activities Order , in relation to running-account credit , as respects any period, the maximum debit balance which, under a credit agreement , is al…
making arrangements with a view to regulated mortgage contracts
As Published: 2003
making arrangements with a view to regulated mortgage contracts
11 12 the regulated activity , specified in article 25A(2) of the Regulated Activities Order , which is in summary: making arrangements with a view to a person who participates in the arrangements ent…
closed
As Published: 2001
closed
(in relation to a syndicate year ) closed by reinsurance to close in accordance with byelaws , either into another syndicate year or into an insurer approved by the Council for the purpose. 3…
safe custody investment
As Published: 2001
safe custody investment
a designated investment , which is not the property of the firm , but for which the firm , or any nominee company controlled by the firm or by its associate , is accountable; which has been paid for i…
sustainability in-scope business
As Published: 2023
sustainability in-scope business
218 the following activities, as set out in more detail in ESG 3.1.2R : (1) managing a UK UCITS ; and (2) managing an AIF which is a UK AIF .
body corporate
As Published: 2001
body corporate
4 (in accordance with section 417(1) of the Act (Definitions)) any body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom .
non-P2P agreement
As Published: 2016
non-P2P agreement
67 an agreement between one person (“the borrower”) and another person (“the lender”) by which the lender provides the borrower with credit, which does not satisfy the conditions for being a P2P agree…
feeder UCITS
As Published: 2011
feeder UCITS
a UCITS scheme or a sub-fund of a UCITS scheme which has been approved by the FCA to invest at least 85% of its assets in the units of a single master UCITS . 125 [Note: article 58(1) of the UCITS Dir…
protected home finance mediation
As Published: 2003
protected home finance mediation
39 14 activities in relation to home finance transactions 39 which are covered by the compensation scheme , as defined in COMP 5.6.1 R .
welfare trust
As Published: 2001
welfare trust
any scheme or arrangement, not being an occupational pension scheme , that is comprised in one or more instruments or agreements and operates as a benevolent fund so as to provide benefits, at the dis…
recognised auction platform
As Published: 2011
recognised auction platform
205 a recognised investment exchange which is declared by a recognition order for the time being in force to be a recognised auction platform .
accrued rights charge
As Published: 2015
accrued rights charge
124 a charge used by an operator for a qualifying scheme which is calculated solely by reference to the value of a member's rights accrued under a qualifying scheme . 'Rights' has the same meaning as…
non-money purchase benefits
As Published: 2022
non-money purchase benefits
96 pension benefits that are not money-purchase benefits .
nuclear risks
As Published: 2004
nuclear risks
13 risks falling within any class of general insurance business and arising in connection with the construction and use of any nuclear reactor or nuclear installation or the carriage of any nuclear ma…
ESG financial considerations
As Published: 2019
ESG financial considerations
136 environmental, social and governance factors (including climate change) that are material to the sustainability of an investment .
FIT Sch 3 Fees and other required payments
As Published: 2004
FIT Sch 3 Fees and other required payments
…
non-authorised parent undertaking
As Published: 2021
non-authorised parent undertaking
91 has the meaning in section 143B(1) of the Act , which is a parent undertaking that: (a) is incorporated in the United Kingdom or has its principal place of business in the United Kingdom , and (b)…
administering a benchmark
As Published: 2018
administering a benchmark
147 the regulated activity specified in article 63S of the Regulated Activities Order , which, in summary, means acting as the administrator of a benchmark as defined in article 3.1(3) of the benchmar…