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unsecured lending
As Published: 2003
unsecured lending
8 lending where the mortgage lender does not take a mortgage or other form of security in respect of the credit provided to the customer .
relevant commencement date
As Published: 2004
relevant commencement date
24 (as defined in article 1 of the Mortgage and General Insurance Complaints Transitional Order ): (a) in relation to a complaint which relates to an activity to which, immediately before 14 January 2…
special adjustment
As Published: 2009
special adjustment
85 (in IPRU(INV) 13) a position risk adjustment, counterparty risk adjustment and foreign exchange adjustment.
long-term admissible asset
As Published: 2004
long-term admissible asset
13 a long-term insurance asset which is an admissible asset .
UK ISPV
As Published: 2006
UK ISPV
18 an ISPV with a Part IV permission to effect or carry out contracts of insurance .
alternative projection
As Published: 2007
alternative projection
49 (in COBS ) a projection calculated on the basis described in paragraph 1.5R of the projection rules ( COBS 13 Annex 2 ), rather than in accordance with the remainder of those rules .
EEA insurance parent undertaking
As Published: 2004
EEA insurance parent undertaking
24 an insurance parent undertaking that has its head office in the United Kingdom or another EEA State .
eligible ECAI
As Published: 2006
eligible ECAI
34 an ECAI : (a) (for exposure risk weighting purposes other than those in (b)) recognised by the FSA under regulation 22 of the Capital Requirements Regulations 2006 (Recognition for exposure risk-we…
permanent interest bearing shares
As Published: 2006
permanent interest bearing shares
43 any shares of a class defined as deferred shares for the purposes of section 119 of the Building Societies Act 1986 which are issued as permanent interest-bearing shares and on terms which qualify…
disclosure rules
As Published: 2009
disclosure rules
(in accordance with sections 73A(1) and 73A(3) of the Act ) rules relating to the disclosure of information in respect of financial instruments which have been admitted to trading on a regulated marke…
COND Sch 3 Fees and other required payments
As Published: 2004
COND Sch 3 Fees and other required payments
…
accumulation unit
As Published: 2001
accumulation unit
4 a unit in respect of which income is credited periodically to capital property under COLL 6.8.3 R (Income allocation and distribution) 44 .
linked deposits
As Published: 2003
linked deposits
7 additional facilities (which may be a current account, a savings account, or both) that are linked to a regulated mortgage contract but which may be the subject of a separate contract.
governing body
As Published: 2001
governing body
the board of directors , committee of management or other governing body of a firm or recognised body , including, in relation to a sole trader , the sole trader . 4…
sufficiency liquid
As Published: 2002
sufficiency liquid
(in ELM ) (in relation to an investment ) complying with the requirements about liquidity in ELM 3.3.11 R (Test for liquidity). 7…
weather derivative
As Published: 2001
weather derivative
a contract for differences where the index or other factor in question is a climatic variable. 1…
fair, clear and not misleading rule
As Published: 2007
fair, clear and not misleading rule
25 COBS 4.2.1 R .
Lloyd's complaint procedures
As Published: 2007
Lloyd's complaint procedures
26 108 the procedures maintained by the Society under DISP 1.7.1 R . 30…
projection
As Published: 2001
projection
5 a projection of the amount of any future benefit payable under a contract or policy , being a benefit the amount of which is not ascertainable under the terms of the contract or policy when the calc…