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overseas company
As Published: 2005
overseas company
(in LR 98 ) a company incorporated outside the United Kingdom . 20…
issue price
As Published: 2001
issue price
5 (in relation to the issue of units of a dual-priced authorised fund ) the price 46 for each unit payable by the authorised fund manager to the depositary 46 on that issue .
pensions dashboard matching process
As Published: 2022
pensions dashboard matching process
214 the process of: (a) searching the records relating to a relevant pension scheme for a positive match using data provided in a pensions dashboard find request ; and (b) identifying and seeking to r…
stocks and shares ISA business
As Published: 2014
stocks and shares ISA business
126 a firm's activities, in its capacity as an ISA manager , in connection with an ISA which contains only a stocks and shares component and is not either or both MiFID business and designated investm…
UK SFTR
As Published: 2020
UK SFTR
89 the UK version of Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulati…
interim levy
As Published: 2018
interim levy
162 a levy imposed by the FSCS , other than an annual levy .
IDD reinsurance undertaking
As Published: 2018
IDD reinsurance undertaking
160 an undertaking as defined in article 13(4) of the Solvency II Directive which, prior to IP completion day , would have required authorisation under that Directive 173 . [Note: article 2(1)(7) of t…
independent advice
As Published: 2010
independent advice
89 a personal recommendation to a client 150 where the personal recommendation provided meets the requirements of the rule on independent advice ( COBS 6.2B.11R 150 ).
with-profits advisory arrangement
As Published: 2012
with-profits advisory arrangement
(a) 23 an independent person; or (b) if appropriate, one or more non-executive directors appointed to provide independent judgment to the governing body of a firm ; FCA controlled functions which sati…
joint enterprise
As Published: 2001
joint enterprise
(as defined in article 3(1) of the Regulated Activities Order (Interpretation)) an enterprise into which two or more persons ("the participators") enter for commercial purposes related to a business o…
relevant general insurance contract
As Published: 2001
relevant general insurance contract
(in COMP ) any general insurance contract other than: (a) [deleted] (b) [deleted] (c) a contract falling within any of the following classes: (i) aircraft ; (ii) ships ; (iii) goods in transit ; (iv)…
banking sector
As Published: 2004
banking sector
13 a sector composed of one or more of the following entities: (a) a credit institution ; (b) a financial institution that is not an investment firm 83 ; and (c) an 23 ancillary services undertaking t…
processing entity
As Published: 2015
processing entity
133 any person providing payment transaction processing services, in terms of the actions required for the handling of a payment instruction between the acquirer and the card issuer in a card payment…
interest-only mortgage
As Published: 2003
interest-only mortgage
20 a regulated mortgage contract other than a repayment mortgage .
internal system evaluation method
As Published: 2014
internal system evaluation method
132 a method for performing an internal custody record check , described in CASS 6.6.19 R .
exempt regulated activity
As Published: 2001
exempt regulated activity
(as defined in section 325(2) of the Act (FCA's 167 general duty)) a regulated activity which may, as a result of Part XX of the Act (Provision of Financial Services by Members of the Professions), be…
communicate
As Published: 2001
communicate
(in relation to a financial promotion ) to communicate in any way, including causing a communication to be made or directed. [Note: section 21(13) of the Act (Restrictions on financial promotion) and…