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statutory notice associated decision
As Published: 2001
statutory notice associated decision
a decision which is made by the FSA and which is associated with a decision to give a statutory notice , including a decision: (a) to determine or extend the period for making representations; (b) to…
corporate finance advisory firm
As Published: 2001
corporate finance advisory firm
a firm whose permission includes a requirement that the firm must not conduct designated investment business other than corporate finance business . 3…
rolling spot forex contract
As Published: 2001
rolling spot forex contract
either of the following: (a) a future , other than a future traded or expressed to be as traded on a recognised investment exchange , where the property which is to be sold under the contract is forei…
third country BIPRU firm
As Published: 2006
third country BIPRU firm
26 an overseas firm that: (a) is not an EEA firm ; (b) has its head office outside the EEA ; and (c) would be a BIPRU firm if it had been a UK domestic firm , it had carried on all its business in the…
zero weighted asset
As Published: 2002
zero weighted asset
(in ELM ) an investment falling into ELM 3.3.8R (Liquid assets). 2…
clearing house
As Published: 2001
clearing house
a clearing house through which transactions may be cleared. 3…
local firm
As Published: 2007
local firm
23 a firm which falls within the definition of "local firm" in Article 3.1P of CAD , that is a firm dealing for its own account on markets in financial futures or options or other derivatives and on c…
accumulating with-profits policy
As Published: 2004
accumulating with-profits policy
21 a with-profits insurance contract which has a readily identifiable current benefit, whether or not this benefit is currently realisable, which is adjusted by an amount explicitly related to the amo…
self-invested personal pension scheme
As Published: 2006
self-invested personal pension scheme
40 an arrangement which forms all or part of a personal pension scheme , which gives the member the power to direct how some or all of the member's contributions are invested.
proxy capital resources requirement
As Published: 2004
proxy capital resources requirement
25 the minimum capital requirement to which an undertaking would have been subject if it had permission for each activity it carries on anywhere in the world, so far as that activity is a regulated ac…
approved quasi-derivative
As Published: 2004
approved quasi-derivative
21 a quasi-derivative in respect of which the conditions in 37 INSPRU 3.2.5 R 37 are met.
multilateral trading facility
As Published: 2007
multilateral trading facility
44 a multilateral system, operated by an investment firm or a market operator , which brings together multiple third-party buying and selling interests in financial instruments - in the system and in…
modified CIU look through method
As Published: 2006
modified CIU look through method
40 the method for calculating PRR for a CIU set out in BIPRU 7.7.4 R , BIPRU 7.7.7 R to BIPRU 7.7.8 R and BIPRU 7.7.11 R to BIPRU 7.7.12 R…
whole-firm liquidity modification
As Published: 2009
whole-firm liquidity modification
17 a modification to the overall liquidity adequacy rule of the kind described in BIPRU 12.8.22G.
FINMAR Sch 3 Fees and other required payments
As Published: 2010
FINMAR Sch 3 Fees and other required payments
…
third-country banking and investment group
As Published: 2004
third-country banking and investment group
13 a banking and investment group that meets the following conditions: (a) it is headed by: (i) a credit institution ; or (ii) an asset management company ; or (iii) an investment firm ; or (iv) a fin…
primary pooling event
As Published: 2001
primary pooling event
(1) 66 [deleted] 66 (2) (in CASS 5 ) an event that occurs in the circumstances described in CASS 5.6.5 R (Failure of the authorised firm: primary pooling event). 16 (3) (in CASS 7 and CASS 7A ) 66 an…
inherited estate
As Published: 2003
inherited estate
an amount representing the fair market value of the with-profits assets less the realistic value of liabilities of a with-profits fund 38 . 16…
minimum levy
As Published: 2001
minimum levy
(in FEES 31 ) the fixed minimum general levy payable by a firm . 3…