Search Result
non-real time financial promotion
As Published: 2001
non-real time financial promotion
(in accordance with article 7(2) of the Financial Promotion Order ) a financial promotion that is not a real time financial promotion . 2 4…
insurance conglomerate
As Published: 2004
insurance conglomerate
a financial conglomerate that is identified in paragraph 4.3 of GENPRU 3 Annex 1 (Types of financial conglomerate) as an insurance conglomerate. 52…
external client money reconciliation
As Published: 2014
external client money reconciliation
94 the client money reconciliation described in CASS 7.15.20 R .
IFPRU limited-licence firm
As Published: 2013
IFPRU limited-licence firm
124 124 a limited licence 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 .
global account
As Published: 2001
global account
the aggregate 17 accounts produced by the Council in accordance with Regulation 8(1) of the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2004. 17…
credit reference agency
As Published: 2013
credit reference agency
151 a person providing credit references .
composite firm
As Published: 2004
composite firm
27 a firm that carries on both long-term insurance business and general insurance business .
upper tier two instrument
As Published: 2004
upper tier two instrument
11 a capital instrument 19 that meets the conditions in GENPRU 2.2.177 R (Upper tier two capital: General) 19 and is eligible to form part of a firm 's upper tier two capital resources .
appropriate actuary
As Published: 2001
appropriate actuary
4 an actuary appointed under PRA Rulebook: Non-Solvency II Firms – Actuarial Requirements 128 (Appointment of an appropriate actuary).
out of the money
As Published: 2006
out of the money
29 (for the purposes of BIPRU 7 (Market risk) and in relation to an option or warrant ) that option or warrant being neither at the money nor in the money .
issuing payment instruments
As Published: 2018
issuing payment instruments
153 (in accordance with regulation 2(1) of the Payment Services Regulations ) a payment service by a payment service provider contracting with a payer to provide a payment instrument to initiate payme…
traded life policy
As Published: 2001
traded life policy
a life policy which is to be or has been assigned for value by the policyholder to another person . 3…
transaction-specific advice
As Published: 2001
transaction-specific advice
advice on investments (except P2P agreements) 73 : (a) given in connection with 35 : 35 (i) dealing in investments as principal ; or 35 (ii) dealing in investments as agent ; or 35 (iii) acting as an…
VaR model
As Published: 2006
VaR model
8 a value at risk model as described in BIPRU 7.10 (Use of a Value at Risk Model).
entering into a regulated mortgage contract
As Published: 2003
entering into a regulated mortgage contract
14 16 the regulated activity , specified in article 61(1) of the Regulated Activities Order , which is in summary: entering into a regulated mortgage contract as lender. 17…
RPPD
As Published: 2007
RPPD
55 the Regulatory Guide which contains a statement of the responsibilities of providers and distributors for the fair treatment of customers .
intermediate broker
As Published: 2001
intermediate broker
(in relation to a transaction in a contingent liability investment ) any person acting in the capacity of an intermediary through whom the firm undertakes that transaction. 5…
media operator
As Published: 2014
media operator
97 a news vendor that receives regulated information from a regulatory information service and then disseminates that information to the public as soon as possible.