Search Result
regulatory function
As Published: 2001
regulatory function
(as defined in section 291 of the Act (Liability in relation to recognised body 's regulatory functions)) any function of a recognised body so far as relating to, or to matters arising out of, the obl…
tied MCD article 3(1)(b) credit intermediary
As Published: 2015
tied MCD article 3(1)(b) credit intermediary
67 an MCD article 3(1)(b) credit intermediary who acts on behalf of and under the full and unconditional responsibility of: (a) only one MCD article 3(1)(b) creditor ; (b) only one group ; or (c) a nu…
CTF bank account
As Published: 2004
CTF bank account
24 a bank account which fulfils the requirements of Regulation 11(5) of the CTF Regulations .
authorised unit trust manager
As Published: 2001
authorised unit trust manager
4 a manager of an AUT .
permitted activity
As Published: 2001
permitted activity
(1) (except in 33 SUP 13A 33 and SUP 14 ) a regulated activity which a firm has permission to carry on. (2) (in 33 SUP 13A 33 and SUP 14 ) an activity identified in a consent notice, a regulator's not…
payment initiation service
As Published: 2018
payment initiation service
159 (in accordance with regulation 2(1) of the Payment Services Regulations ) an online service to initiate a payment order at the request of the payment service user with respect to a payment account…
mortgage administrator
As Published: 2003
mortgage administrator
11 12 a firm with permission (or which ought to have permission ) for administering a regulated mortgage contract .
linked liabilities
As Published: 2007
linked liabilities
29 property-linked liabilities or index-linked liabilities .
future service restriction
As Published: 2017
future service restriction
106 any provision in an agreement between a firm and a client which, in addition to the products or services to which the agreement relates, grants the firm or an affiliated company of the firm : (1)…
affinity/partnership scheme
As Published: 2021
affinity/partnership scheme
165 where a firm forms a scheme with another business (usually a brand whose main business is not insurance) to distribute home insurance or motor insurance products to consumers under the partner’s b…
insurance distributor
As Published: 2018
insurance distributor
160 an insurance intermediary or insurer . [Note: article 2(1)(8) of the IDD ]…
intermediate rate of return
As Published: 2007
intermediate rate of return
68 (in COBS ) the intermediate rate of return described in paragraph 2.3 of the projection rules ( COBS 13 Annex 2 ).
banking and investment services conglomerate
As Published: 2006
banking and investment services conglomerate
23 a financial conglomerate that is identified in paragraph 4.3 of GENPRU 3 Annex 1 (Types of financial conglomerate) as a banking and investment services conglomerate .
vendor consideration placing
As Published: 2005
vendor consideration placing
(in LR ) a marketing, by or on behalf of vendors, of securities that have been allotted as consideration for an acquisition. 6…
existing product
As Published: 2022
existing product
159 a product which: (1) was manufactured , marketed or distributed 162 before 31 July 2023; and (2) is marketed or distributed 162 to retail customers (including by way of renewal) on or after 31 Jul…
EEA account
As Published: 2016
EEA account
116 has the same meaning as in article 2(3) of the Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014 (2014 No. 1960) http://www.legislation.gov.uk/uksi/2014/1…
equity release transaction
As Published: 2006
equity release transaction
31 a lifetime mortgage or a home reversion plan .