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statutory auditor
As Published: 2008
statutory auditor
67 a statutory auditor as that term is defined in section 1210 of the Companies Act 2006.
retail banking service
As Published: 2009
retail banking service
74 an arrangement with a banking customer , under which a firm agrees to accept a deposit from a banking customer on terms to be held in an account for that customer, and to provide services in relati…
first charge legal mortgage
As Published: 2015
first charge legal mortgage
81 a legal mortgage ranking in priority ahead of all other mortgages (if any) affecting the land in question, where "mortgage" includes charge and (in Scotland) a heritable security.
PSD complaint
As Published: 2018
PSD complaint
159 any oral or written expression of dissatisfaction, whether justified or not, from, or on behalf of, a payment service user about the provision of, or failure to provide, a financial service or a r…
finance facility
As Published: 2016
finance facility
103 (in accordance with regulation 2 of the Small and Medium Sized Business (Finance Platforms) Regulations ) a facility which provides access to finance which is denominated in sterling and is a loan…
small non-directive insurer
As Published: 2015
small non-directive insurer
143 a firm that is not a Solvency II firm and falls within the definition of ‘small non-directive insurer’ in the PRA Rulebook: Glossary.
regulatory current liabilities
As Published: 2004
regulatory current liabilities
29 (in relation to a with-profits fund ) the regulatory current liabilities of the with-profits fund calculated in accordance with 46 INSPRU 1.1.30R 46 .
qualifying venture capital fund
As Published: 2013
qualifying venture capital fund
21 has the meaning given in article 3(b) of the EuVECA regulation .
travel insurance policy
As Published: 2020
travel insurance policy
92 (in ICOBS 6.1.7-AG , ICOBS 6.5.1AG and ICOBS 6A.4 (Travel insurance and medical conditions)) a non-investment insurance contract which covers risks connected with travelling or the making of travel…
electricity
As Published: 2001
electricity
(a) electricity in any form, including electricity as deliverable through the Balancing and Settlement Code ; (b) any right that relates to electricity, for example the right under a contract or other…
AIFM management functions
As Published: 2013
AIFM management functions
96 the management functions of an AIFM listed in FUND 1.4.7G 154 .
proposed arrangement
As Published: 2020
proposed arrangement
192 (for the purposes of COBS 19 and CONRED 4 215 ), refers to the arrangement with flexible benefits to which the retail client would move and takes into account the subsequent intended pattern of de…
material current year losses
As Published: 2010
material current year losses
67 (in IPRU(INV) 13) losses of an amount equal to 10 per cent or more of the amount by which the own funds or the capital resources under IPRU(INV) 13.15 82 of an undertaking exceed the own funds or t…
advice, investigation or representation in relation to a housing disrepair claim
As Published: 2019
advice, investigation or representation in relation to a housing disrepair claim
151 the regulated activity , specified in article 89J of the Regulated Activities Order , of each of advising a claimant or potential claimant , investigating a claim and representing a claimant , in…
FSA scheme
As Published: 2001
FSA scheme
the former scheme operated by the FSA under paragraph 4 of Schedule 7 to the Financial Services Act 1986 for the investigation of complaints arising out of the conduct of investment business. 1…
repayment
As Published: 2014
repayment
132 includes repayment of credit with or without any other amount.
non-workplace pension scheme
As Published: 2022
non-workplace pension scheme
97 a personal pension scheme or stakeholder pension scheme , in situations where the scheme will be used to provide members with benefits other than employment benefits.
UK mixed financial holding company
As Published: 2001
UK mixed financial holding company
92 a mixed financial holding company that is incorporated in the UK or that has its principal place of business in the UK .
card issuer
As Published: 2015
card issuer
185 a payment service provider contracting with a payer to enable the latter to initiate a payment transaction , made by means of any card, telecommunication, digital or IT device or software.