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large mutual association
As Published: 2001
large mutual association
69 (1) (in COMP ) an unincorporated mutual association or unincorporated association (which is not a mutual association) with net assets of more than £1.4 million (or its equivalent in any other curre…
home territory
As Published: 2001
home territory
1 (in relation to an overseas investment exchange ) the country or territory in which its head office is situated.
store card
As Published: 2001
store card
a card restricted to paying for goods or services from a particular supplier or group of suppliers and where the price of the goods or services is paid directly to the supplier or group of suppliers b…
regulatory provisions
As Published: 2001
regulatory provisions
233 any rules, guidance, arrangements or policy issued by the investment exchange in connection with its business as an investment exchange or in connection with the provision by it of clearing facili…
EEA territorial scope rule
As Published: 2007
EEA territorial scope rule
39 COBS 1 Annex 1 , Part 2 40 paragraph 1(1) (which provides that the territorial scope of COBS is modified to the extent necessary to be compatible with European law).
IFPRU limited-activity firm
As Published: 2013
IFPRU limited-activity firm
148 124 a limited activity firm that meets the following conditions: (a) it is a firm ; and (b) its head office is in the UK and it is not otherwise excluded under IFPRU 1.1.5 R .
lead generator
As Published: 2014
lead generator
56 a person that acquires the personal contact details of customers and passes the customers' details to a firm in return for a fee.
enhanced reporting investment
As Published: 2017
enhanced reporting investment
122 any investment subject to a restriction on retail distribution under the FCA’s rules , as summarised in COBS 9.3.5G(1) .
net written premiums
As Published: 2004
net written premiums
13 gross written premiums , less reinsurance premiums payable under reinsurance ceded.
property-linked assets
As Published: 2007
property-linked assets
59 in relation to an insurer , long-term insurance assets that are, for the time being, identified in the records of the insurer as being assets by reference to the value of which property-linked bene…
key individual
As Published: 2001
key individual
12 (in relation to a UK recognised body ): (a) its chairman or president; (b) its chief executive ; (c) a member of its governing body ; (d) a person who, alone or jointly with one or more others, is…
specific risk backtesting exception
As Published: 2006
specific risk backtesting exception
45 (in BIPRU 7.10 (Use of a value at risk model) and in relation to a firm ) an exception arising out of backtesting a VaR model with respect to specific risk as more fully defined in that firm's VaR…
foreign currency loan
As Published: 2015
foreign currency loan
81 an MCD credit agreement where the credit is: (a) denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or (b…
CAD 1 model
As Published: 2006
CAD 1 model
48 a risk management model of the type described in BIPRU 7.9 (Use of a CAD 1 model).
fixed-term savings account
As Published: 2015
fixed-term savings account
91 a savings account where it is agreed that money is to be held in the account for a specified period and the customer is not permitted to withdraw the money before the expiry of that period, is rest…
home purchase intermediary
As Published: 2006
home purchase intermediary
8 a firm with permission (or which ought to have permission ) to carry on a home purchase mediation activity .
FSBRA
As Published: 2015
FSBRA
79 101 the Financial Services (Banking Reform) Act 2013 (2013 c.33) 101 .
non-PRIIP packaged product
As Published: 2017
non-PRIIP packaged product
72 a packaged product other than a packaged retail and insurance-based investment product ( PRIIP ).