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conversion factor
As Published: 2006
conversion factor
156 (in accordance with Article 4(28) of the Banking Consolidation Directive (Definitions) and for the purposes of BIPRU ) the ratio of the currently undrawn amount of a commitment that will be drawn…
automatic enrolment scheme
As Published: 2011
automatic enrolment scheme
76 a scheme that meets the conditions in Part 1 of the Pensions Act 2008. In summary this is a qualifying occupational pension scheme or qualifying personal pension scheme that enables automatic enrol…
IPA eligible investment
As Published: 2001
IPA eligible investment
a type of investment specified in regulation 2(2) (condition 5) of the Stamp Duty and Stamp Duty Reserve Tax (Definition of Unit Trust Scheme and Open-ended Investment Company) Regulations 2001 (SI 20…
institutional linked policyholders
As Published: 2007
institutional linked policyholders
67 in relation to permitted links , linked policyholders who are trustees of a defined benefit occupational pension scheme .
motor vehicle liability insurer
As Published: 2004
motor vehicle liability insurer
(a) a firm with permission to carry on motor vehicle liability insurance business ; (b) any person carrying on the regulated activity of managing the underwriting capacity of a Lloyd's syndicate in re…
procuration fee
As Published: 2003
procuration fee
14 the total amount paid by a home finance provider 39 to a home finance intermediary 39 , whether directly or indirectly, in connection with providing applications from customers to enter into home f…
physical asset reconciliation
As Published: 2014
physical asset reconciliation
119 the safe custody assets reconciliation described in CASS 6.6.24 R , using either the total count method or the rolling stock method .
EEA regulated entity
As Published: 2004
EEA regulated entity
21 a regulated entity that is an EEA firm or a UK firm .
vehicle
As Published: 2007
vehicle
9 any motor vehicle intended for travel on land and propelled by mechanical power, but not running on rails, and any trailer whether or not coupled. [Note: article 1(1) of Council Directive 72/166/EEC…
entering into a regulated sale and rent back agreement
As Published: 2009
entering into a regulated sale and rent back agreement
55 the regulated activity , specified in article 63J(1) of the Regulated Activities Order , which is in summary entering into a regulated sale and rent back agreement as an agreement provider, includi…
deductions plan
As Published: 2007
deductions plan
43 (in COBS ) a plan that describes the deductions from asset share that a firm expects to make for the cost of guarantees and the use of capital ( COBS 20.2.8 R ).
with-profits insurance business
As Published: 2004
with-profits insurance business
the business of effecting contracts of insurance or carrying out contracts of insurance that are with-profits policies . 27…
UK financial sector company
As Published: 2008
UK financial sector company
30 a company that is a: (a) UK bank ; or (b) UK insurer ; or (c) UK incorporated parent undertaking of a company referred to in (a) or (b) where the main business of the group to which the parent unde…
Financial Policy Committee
As Published: 2014
Financial Policy Committee
75 The sub-committee of the court of directors of the Bank of England, established by Part 1A of the Bank of England Act 1998 to contribute to the Bank of England's Financial Stability Objective and,…
NICC
As Published: 2015
NICC
62 the Northern Ireland Cheque Clearing 66 regulated payment system designated by HM Treasury under section 43 of FSBRA .
total relevant liabilities
As Published: 2011
total relevant liabilities
47 (in CREDS ) means the sum of: (a) unattached shares in the credit union , and deposits by persons too young to be members of the credit union ; and (b) liabilities (other than liabilities for share…
BIPRU Remuneration Code
As Published: 2013
BIPRU Remuneration Code
51 SYSC 19C (BIPRU Remuneration Code).
with-profits benefits reserve
As Published: 2004
with-profits benefits reserve
7 (in relation to a with-profits fund ) the with-profits benefits reserve for the with-profits fund calculated in accordance with the rules in INSPRU 1.3.116 R to INSPRU 1.3.135 G 10 .
finance
As Published: 2013
finance
71 in accordance with article 60L of the Regulated Activities Order , includes financing in whole or in part and "refinance" is to be read accordingly.