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break fee
As Published: 2005
break fee
(in LR ) a fee payable by a listed company if certain specified events occur which have the effect of materially impeding a transaction or causing the transaction to fail. 18…
asset backed commercial paper programme
As Published: 2006
asset backed commercial paper programme
37 (for the purposes of BIPRU 9 (Securitisation) and in accordance with Part 1 of Annex IX of the Banking Consolidation Directive (Securitisation definitions)) a programme of securitisations (within t…
equity release intermediary
As Published: 2006
equity release intermediary
31 a firm with permission (or which ought to have permission ) to carry on equity release mediation activity .
Financial Ombudsman Service
As Published: 2001
Financial Ombudsman Service
the scheme provided under Part XVI of the Act (The Ombudsman Scheme) under which certain disputes may be resolved quickly and with minimum formality by an independent person . 2…
oil
As Published: 2001
oil
mineral oil of any description and petroleum gases, whether in liquid or vapour form, including products and derivatives of oil. 4…
sickness
As Published: 2001
sickness
(in relation to a class of contract of insurance ) the class of contract of insurance , specified in paragraph 2 of Part I of Schedule 1 to the Regulated Activities Order (Contracts of general insuran…
plus factor
As Published: 2006
plus factor
43 (in BIPRU 7.10 (Use of a value at risk model)) an increase to the minimum multiplication factor based on backtesting exceptions as more fully defined in BIPRU 7.10.124 R (Capital calculations: Mult…
large e-money float exposure
As Published: 2002
large e-money float exposure
(in ELM ) an e-money float exposure or e-money float exposures that exceeds or together exceed 10% of an ELMI's own funds as specified in more detail in ELM 3.5.7 R (Calculation of large exposure). 3…
Treaty right
As Published: 2004
Treaty right
the entitlement of a Treaty firm to qualify for authorisation under Schedule 4 to the Act (Treaty Rights).2001/7…
BCOBS Sch 3 Fees and other required payments
As Published: 2009
BCOBS Sch 3 Fees and other required payments
…
national guarantee fund
As Published: 2001
national guarantee fund
(in relation to an EEA State ) a body which: (a) has been set up or authorised in that State in accordance with article 1(4) of Council Directive (84/5/EEC); and (b) provides compensation for damages…
compensation scheme
As Published: 2001
compensation scheme
the Financial Services Compensation Scheme established under section 213 of the Act (The compensation scheme) for compensating persons in cases where authorised persons and appointed representatives 6…
regulated sale and rent back activity
As Published: 2009
regulated sale and rent back activity
76 any of the following regulated activities : (a) arranging (bringing about) a regulated sale and rent back agreement (article 25E(1)); (b) making arrangements with a view to a regulated sale and ren…
gross adjusted claims amount
As Published: 2004
gross adjusted claims amount
12 (for the purposes of INSPRU 1.1 20 ) an amount, as defined in INSPRU 1.1.60R 20 to INSPRU 1.1.65G 20 , used in calculating the claims amount .
retail customer
As Published: 2003
retail customer
14 17 22 (in accordance with the meaning of 'consumer' in article 2(d) of the Distance Marketing Directive an individual who is acting for purposes which are outside his trade, business or profession.
time-scheduled buy-back programme
As Published: 2005
time-scheduled buy-back programme
15 (as defined in Article 2 of the Buy-back and Stabilisation Regulation ) a buy-back programme where the dates and quantities of securities to be traded during the time period of the programme are se…
decision notice
As Published: 2001
decision notice
a notice issued by the FSA in accordance with section 388 of the Act (Decision notices). 3…
SCV system
As Published: 2009
SCV system
(in COMP ) a firm's system for satisfying the FSA's SCV requirements . 86…
MiFID
As Published: 2006
MiFID
39 The European Parliament and Council Directive on markets in financial instruments (No. 2004/39/EC).See also MiFID Regulation and MiFID implementing Directive .