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bearer form
As Published: 2001
bearer form
4 (in relation to a client's certificate, share transfer or other document ) in a form signed by the client so that it enables a designated investment or deposit to which it relates to be sold, transf…
contingent liability investment
As Published: 2001
contingent liability investment
a derivative under the terms of which the client will or may be liable to make further payments (other than charges , and whether or not secured by margin ) when the transaction falls to be completed…
introducing broker
As Published: 2001
introducing broker
a firm which introduces transactions relating to designated investments arranged (brought about) for its clients to a clearing firm . 5…
securities derivative
As Published: 2010
securities derivative
92 a derivative instrument admitted to trading on a regulated market or prescribed market , the value of which is dependent on an underlying equity or debt instrument or index/basket of equity or debt…
closed-ended
As Published: 2005
closed-ended
(in LR ) (in relation to investment entities) an investment company which is not an open-ended investment company . 31…
biomass investment
As Published: 2008
biomass investment
29 any of the following: (a) a unit in a biomass collective investment scheme ; (b) an option to acquire or dispose of a biomass investment ; (c) a future where the commodity in question is biomass ;…
absolute FX exposure limit
As Published: 2002
absolute FX exposure limit
5 (in ELM ) the amount by which an ELMI's own funds exceed 2.5% of its e-money outstandings , calculated in accordance with ELM 3.4.6 R (FX exposure limits).
flat rate benefits business friendly society
As Published: 2001
flat rate benefits business friendly society
a friendly society whose insurance business is restricted to the provision of benefits which vary according to the resources available and in which the contributions of members are determined on a fla…
dedicated
As Published: 2001
dedicated
(in relation to investments of an authorised fund ) intended that the holders should participate in or receive: (a) profits or income arising from the acquisition, holding, management or disposal of i…
UK-deposit insurer
As Published: 2001
UK-deposit insurer
a non-EEA insurer that has made a deposit in the United Kingdom under article 23 of the First Non-Life Directive in accordance with article 26 of that Directive or under article 51 of the Consolidated…
non-profit fund
As Published: 2004
non-profit fund
13 a long-term insurance fund which is not a with-profits fund .
non-EEA bank
As Published: 2001
non-EEA bank
a bank which is a body corporate or partnership formed under the law of any country or territory outside the EEA . 2…
dealing on own account
As Published: 2007
dealing on own account
39 trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments .[Note: article 4(1)(6) of MIFID ]…
holder
As Published: 2001
holder
1 (a) (in relation to a unit in an authorised fund ): (i) the shareholder ; or (ii) the unitholder ; (b) (in relation to a unit in any other collective investment scheme ): (i) the person who is enter…
MiFID outsourcing rules
As Published: 2007
MiFID outsourcing rules
44 SYSC 8.1.1 R to SYSC 8.1.11 R .
rating system
As Published: 2006
rating system
46 (in relation to the IRB approach and in accordance with BIPRU 4.3.25 R ) comprises all of the methods, processes, controls, data collection and IT systems that support the assessment of credit risk…
client money (insurance) distribution rules
As Published: 2004
client money (insurance) distribution rules
17 the rules in CASS 5.6 (Client money distribution).
tier one instrument
As Published: 2004
tier one instrument
14 an item of capital that falls into GENPRU 2.2.62R (Tier one capital: General) 26 and is eligible to form part of a firm's tier one capital resources .
excluded material
As Published: 2001
excluded material
(in relation to access to FSA material) (as defined in section 394(7) of the Act (Access to Authority material)) material which: (a) has been intercepted in obedience to a warrant issued under any ena…