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claims amount
As Published: 2004
claims amount
27 an amount, as defined in INSPRU 1.1.47 R 48 , used in the calculation of the general insurance capital requirement .
capital redemption
As Published: 2001
capital redemption
(in relation to a class of contract of insurance ) capital redemption contracts where effected or carried out by a person who does not carry on a banking business, and otherwise carries on the regulat…
obligor grade
As Published: 2006
obligor grade
29 (in relation to the IRB approach and the sovereign, institutional and corporate IRB exposure class and in accordance with BIPRU 4.4.8R) a risk category within a rating system's obligor rating scale…
credit union
As Published: 2001
credit union
a body corporate registered under the Industrial and Provident Societies Act 1965 as a credit union in accordance with the Credit Unions Act, which is an authorised person . 3 4…
limit of indemnity
As Published: 2003
limit of indemnity
7 8 (in MIPRU 3 (Professional indemnity insurance)) 21 the sum available to indemnify a firm in respect of each claim made under its professional indemnity insurance.
borrow back
As Published: 2003
borrow back
9 a feature of a regulated mortgage contract under which the customer has the ability to re-borrow monies paid by him.
BSOCS Sch 5 Rights of action for damages
As Published: 2010
BSOCS Sch 5 Rights of action for damages
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reportable large exposure
As Published: 2002
reportable large exposure
the same thing as large e-money float exposure with the following adjustments: (a) the figure of 10% in ELM 3.5.7 R is replaced by 25%; and (b) ELM 3.5.6 R does not apply. 8…
complaints time barring rule
As Published: 2007
complaints time barring rule
58 291 97 DISP 1.8 . 97…
overseas financial stability information power
As Published: 2010
overseas financial stability information power
44 the FSA's power under section 169A of the Act (Support of overseas regulator with respect to financial stability) which, in summary, is a power exercisable at the request of an overseas regulator t…
PERG 10 Annex 1 Flow chart showing the steps to be considered in deciding whether authorisation is needed.
As Published: 2006
PERG 10 Annex 1 Flow chart showing the steps to be considered in deciding whether authorisation is needed.
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notice of intention
As Published: 2001
notice of intention
a notice of intention (as described in SUP 13.5 ) given by a UK firm 26 to: 26 (a) establish a branch in an EEA State under paragraph 19(2) of Part III of Schedule 3 to the Act (Exercise of passport r…
regulated consumer hire agreement
As Published: 2006
regulated consumer hire agreement
238 47 in accordance with section 15 of the Consumer Credit Act 1974 (as amended) an agreement made by a person with an individual "the hirer" for the bailment or (in Scotland) the hiring of goods to…
social housing firm
As Published: 2004
social housing firm
18 (in MIPRU 4 (Capital resources)) 43 a wholly-owned subsidiary of: (a) a local authority; or (b) a registered social landlord; which carries on non-profit regulated activities in connection with hou…
home finance arranger
As Published: 2006
home finance arranger
8 a firm with permission (or which ought to have permission ) for arranging a home finance transaction .
MiFID or equivalent third country business
As Published: 2007
MiFID or equivalent third country business
47 MiFID business or the equivalent business of a third country investment firm .
commodity maturity ladder approach
As Published: 2006
commodity maturity ladder approach
48 the method of calculating the commodity PRR in BIPRU 7.4.25 R (Maturity ladder approach).