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reinsurance to close
As Published: 2001
reinsurance to close
(a) an agreement under which members of a syndicate in one syndicate year ("the reinsured members") agree with the members of that syndicate in a later syndicate year or the members of another syndica…
regulated clearing arrangement
As Published: 2013
regulated clearing arrangement
124 as the context requires, either: (a) an arrangement under which a firm directly places client money in a client transaction account that is an individual client account or an omnibus client accoun…
Distance Marketing Directive
As Published: 2003
Distance Marketing Directive
12 14 17 The Directive of the Council and Parliament of 23 September 2002 on distance marketing of consumer financial services (No 2002/65/EC).
pension annuity
As Published: 2001
pension annuity
means a policy which is a contract to pay an annuity on human life purchased by a retail client (wholly or partially) out of the funds of an occupational pension scheme , a personal pension scheme or…
client money requirement
As Published: 2014
client money requirement
166 the total amount of client money a firm is required to have segregated in client bank accounts under the client money rules (see CASS 7.16.10 R ).
SUP 16 Annex 34A High Earners Report [deleted]
As Published: 2012
SUP 16 Annex 34A High Earners Report [deleted]
…
operating an electronic system in relation to non-P2P agreements
As Published: 2016
operating an electronic system in relation to non-P2P agreements
81 the unregulated activity , carried on by a person who has Part 4A permission to operate an electronic system in relation to lending , of carrying on the activity described in article 36H of the Reg…
CTF provider
As Published: 2004
CTF provider
24 (in accordance with section 3(1) of the Child Trust Funds Act 2004) a person approved by HM Revenue and Customs 30 in accordance with the CTF Regulations .
establishing, operating or winding up a collective investment scheme
As Published: 2001
establishing, operating or winding up a collective investment scheme
the regulated activity , specified in article or 51ZE 82 of the Regulated Activities Order (Establishing etc a collective investment scheme), of establishing, operating or winding up a collective inve…
Solvency II Directive information
As Published: 2015
Solvency II Directive information
131 (in COBS ) Solvency II Directive information as required in COBS 13 Annex 1 .
pure benchmark SMCR firm
As Published: 2020
pure benchmark SMCR firm
193 has the meaning in SYSC 23 Annex 1 6.13R(1)(b), and in summary means an SMCR firm that has permission to carry on the regulated activity of administering a benchmark but no other regulated activit…
Money and Pensions Service
Money and Pensions Service
137 the single financial guidance body ( SFGB ) established under section 1 of the Financial Guidance and Claims Act 2018.
lifetime ISA business
As Published: 2017
lifetime ISA business
72 a firm's activities, in its capacity as an ISA manager , in connection with a lifetime ISA which is not either or both MiFID business and designated investment business .
UK parent financial holding company
As Published: 2019
UK parent financial holding company
81 has the meaning in article 4(1)(30) of the UK CRR .
mineral resources
As Published: 2005
mineral resources
(in LR ) include metallic and non-metallic ores, mineral concentrates, industrial minerals, construction aggregates, mineral oils, natural gases, hydrocarbons and solid fuels including coal. 28…
prescribed pricing basis
As Published: 2001
prescribed pricing basis
5 (in relation to a derivative contract, or quasi-derivative contract ), the pricing basis set out in IPRU(INS) 4.12R(8) (Derivative contracts) as that rule was in force on 30 December 2004 25 .