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exchange traded fund
As Published: 2006
exchange traded fund
29 a fund: (a) which is an open-ended investment company ; and (b) the units of which are traded on a regulated market or designated investment exchange .
in the money percentage
As Published: 2006
in the money percentage
52 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) the percentage calculated under BIPRU 7.6.6 R (The in the money percentage).
building block
As Published: 2005
building block
(in PR and LR ) (as defined in the PD Regulation ) a list of additional information requirements, not included in one of the schedules, to be added to one or more schedules, as the case may be, depend…
generic projection
As Published: 2007
generic projection
25 (in COBS ) a projection which reflects the terms of a contract which is representative of the type of business normally undertaken by the firm , or the type of business it is promoting, rather than…
at the money
As Published: 2006
at the money
37 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) the strike price of that option or warrant being equal to the current market value of the underlying instrument.
units of a collective investment scheme
As Published: 2005
units of a collective investment scheme
(in PR ) (as defined in Article 2.1(p) of the prospectus directive ) securities issued by a collective investment undertaking as representing the rights of the participants in such an undertaking over…
equity release mediation activity
As Published: 2006
equity release mediation activity
31 any of the regulated activities of: (a) arranging a regulated mortgage contract (when carried on in relation to a lifetime mortgage ) or a home reversion plan ; (b) advising on a regulated mortgage…
equity exposure
As Published: 2006
equity exposure
34 (in relation to the IRB approach ) an exposure falling into the IRB exposure class referred to in BIPRU 4.3.2 R (5) (equity exposures).
incoming firm
As Published: 2001
incoming firm
(in accordance with section 193(1) of the Act (Interpretation of this Part)) an incoming EEA firm or an incoming Treaty firm . 5…
sickness or distressed circumstances contract
As Published: 2001
sickness or distressed circumstances contract
any contract in accordance with which benefits are provided for the relief or maintenance of any person during sickness or when in distressed circumstances. 5…
position
As Published: 2006
position
43 (in accordance BIPRU 1.2.4 R (Definition of the trading book: Positions)) includes proprietary positions and positions arising from client servicing and market making.
large mutual association
As Published: 2001
large mutual association
a mutual association or unincorporated association with net assets of more than £1.4 million (or its equivalent in any other currency at the relevant time). 2…
placing
As Published: 2005
placing
(in LR ) a marketing of securities already in issue but not listed or not yet in issue, to specified persons or clients of the sponsor or any securities house assisting in the placing, which does not…
natural gas
As Published: 2001
natural gas
(a) natural gas in any form, including natural gas as deliverable through the Network Code ; and (b) any right that relates to natural gas, for example the right under a contract or otherwise to requi…
general application rule
As Published: 2007
general application rule
22 COBS 1.1.1 R (which in summary provides that COBS applies to a firm with respect to certain activities carried on from an establishment maintained by it in the United Kingdom ).
MiFID business
As Published: 2006
MiFID business
39 investment services and activities and, where relevant, ancillary services carried on by a MiFID investment firm .
equity stake
As Published: 2001
equity stake
(in relation to a company ) any kind of equity stake in that company , including shares in it (including non-voting and non-equity shares , debt securities that are convertible or exchangeable into su…
specialist securities
As Published: 2005
specialist securities
(in LR and FEES 38 ) securities which, because of their nature, are normally bought and traded by a limited number of investors who are particularly knowledgeable in investment matters. 34…
building society
As Published: 2001
building society
4 (as defined in section 119(1) of the Building Societies Act 1986) a building society incorporated (or deemed to be incorporated) under that Act.
group of closely related counterparties
As Published: 2002
group of closely related counterparties
(in ELM ) a group of persons who fall within ELM 3.5.8 R (Calculation of large exposure). 5…