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payment transaction
As Published: 2015
payment transaction
(1) (for the purposes of FEES 9 ) an action of transferring funds, initiated by the payer or on its behalf or by the payee , irrespective of any underlying obligations between the payer and the payee…
COMP 5.4 Protected contracts of insurance
As Published: 2001
COMP 5.4 Protected contracts of insurance
…
assisted voluntary sale process
As Published: 2015
assisted voluntary sale process
118 a process in which a firm assists a customer to sell voluntarily property which is subject to a regulated mortgage contract or home purchase plan with the firm , over and above allowing the custom…
advising on conversion or transfer of pension benefits
As Published: 2015
advising on conversion or transfer of pension benefits
121 the regulated activity specified in article 53E of the Regulated Activities Order , which is described in 146 PERG 2.7.16GG .
regulated sale and rent back transaction
As Published: 2009
regulated sale and rent back transaction
76 a transaction involving a regulated sale and rent back agreement under which a SRB agreement seller , in return for the sale of a qualifying interest in land in whole or in part to a SRB agreement…
E-money and Payments Transitional Provisions Regulations
As Published: 2019
E-money and Payments Transitional Provisions Regulations
137 the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, SI 2018/1201.
master UCITS
As Published: 2011
master UCITS
132 a UCITS scheme , an EEA UCITS scheme or a sub-fund of such a scheme where: (a) at least one of its Unitholders is a feeder UCITS ; (b) it is not itself a feeder UCITS ; and (c) it does not hold un…
home finance transaction
As Published: 2006
home finance transaction
8 a regulated mortgage contract , home purchase plan , 19 home reversion plan or regulated sale and rent back agreement . 19…
relevant omission
As Published: 2016
relevant omission
163 where the insurance intermediary has failed to: (a) pay monies to an insurer ; or (b) pay monies that it has received from an insurer ; or (c) take steps to cause a contract of insurance to be eff…
UK SMCR banking firm
As Published: 2018
UK SMCR banking firm
78 a firm identified as a UK SMCR banking firm in the decision tree in SYSC 23 Annex 1 (Definition of SMCR firm and different types of SMCR firms) and Part Four of that Annex.
ring-fencing
As Published: 2016
ring-fencing
165 the UK ring-fencing regime as provided for in the Act , including any statutory instruments and related FCA rules .
third-country financial conglomerate
As Published: 2004
third-country financial conglomerate
13 a financial conglomerate 86 headed by a regulated entity or a mixed financial holding company that has its head office outside the United Kingdom 86 .
protected claim
As Published: 2001
protected claim
5 a claim which is covered by the compensation scheme , as defined in COMP 5.2.1 R .
client money held
As Published: 2001
client money held
256 (in MIFIDPRU ) the amount of MiFID client money that a firm holds.
trustee firm
As Published: 2001
trustee firm
61 a firm which is not an OPS firm and which is acting as a: (a) trustee (other than for a trust of client money arising only under CASS 5.3.2 R , CASS 5.4 (Non-statutory client money trust), CASS 7.1…
expiration date
As Published: 2005
expiration date
(in LR ) (in relation to securitised derivatives ), the date stipulated by the issuer on which the holder's rights in respect of the securitised derivative ends. 26…
liquid assets threshold requirement
As Published: 2001
liquid assets threshold requirement
89 the amount of liquid assets that a firm needs to hold to comply with the overall financial adequacy rule .