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safeguarding and administration of assets (without arranging)
As Published: 2001
safeguarding and administration of assets (without arranging)
that part of safeguarding and administering investments which consists of both: (a) the safeguarding of assets belonging to another; and (b) the administration of those assets. 5…
payment order
As Published: 2018
payment order
159 (in accordance with regulation 2(1) of the Payment Services Regulations ) any instruction by: (a) a payer ; or (b) a payee , to their respective payment service provider requesting the execution o…
finance application
As Published: 2016
finance application
103 (in accordance with regulation 2 of the Small and Medium Sized Business (Finance Platforms) Regulations ) a request in any form for a finance facility , whether such request is made for a new faci…
UCITS Directive
As Published: 2001
UCITS Directive
the European Parliament and 43 Council Directive of 13 July 2009 43 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transfe…
investment agreement
As Published: 2001
investment agreement
any agreement the making or performance of which by either party constitutes a regulated activity , but disregarding the exclusions in Part II of the Regulated Activities Order . 5…
effecting contracts of insurance
As Published: 2001
effecting contracts of insurance
the regulated activity , specified in article 10(1) of the Regulated Activities Order (Effecting and carrying out contracts of insurance), of effecting a contract of insurance as principal. 4…
excluded activity
As Published: 2016
excluded activity
116 an activity defined as an excluded activity in section 142D of the Act or by an order made under that section.
chair of the with-profits committee function
As Published: 2018
chair of the with-profits committee function
FCA controlled function SMF15 in the table of FCA-designated senior management functions 227 , described more fully in SUP 10C.5A.5R to SUP 10C.5A.6R 227 .
advice, investigation or representation in relation to a financial services or financial product claim
As Published: 2019
advice, investigation or representation in relation to a financial services or financial product claim
151 the regulated activity , specified in article 89I of the Regulated Activities Order , of each of advising a claimant or potential claimant , investigating a claim and representing a claimant , in…
conditional permitted immovables
As Published: 2020
conditional permitted immovables
251 in relation to conditional permitted links , any permitted immovable which is: (a) not permitted land and property ; and (b) either: (i) owned directly by the firm ; or (ii) held in a structure, o…
PRA-designated senior management function
As Published: 2015
PRA-designated senior management function
128 a PRA controlled function that is a designated senior management function .
forward price
As Published: 2001
forward price
(in relation to units ) a price calculated by reference to the valuation point next following the authorised fund manager's agreement to sell or, as the case may be, to redeem the units in question. 2…
provider of credit references
As Published: 2014
provider of credit references
116 a person providing credit references who has, or ought to have, a Part 4A permission to carry on the regulated activity of providing credit references .
side pocket property
As Published: 2022
side pocket property
212 the scheme property which is allocated to a side pocket class in accordance with COLL 7.8.5R(2)(a) (Side pocket classes) and COLL 7.8.30R(3) (Modified application of COLL 6.2 (Dealing)). [Note: Se…
combination charge structure
As Published: 2015
combination charge structure
184 a charging structure used by an operator of a qualifying scheme which is solely a combination of: (a) an accrued rights charge and a flat-fee charge ; or (b) an accrued rights charge and a contrib…
UK mixed-activity holding company
As Published: 2001
UK mixed-activity holding company
92 a mixed-activity holding company that is incorporated in the UK or that has its principal place of business in the UK .