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(1) (except in PROF, LR , ENF 18 and REC) a person admitted to membership of the Society or any person by law entitled or bound to administer his affairs.(2) (in PROF, LR and ENF 18 ) (as defined in section 325(2) of the Act (Authority's general duty)) (in relation to a profession) a person who is entitled to practise that profession and, in practising it, is subject to the rules of the relevant designated professional body, whether or not he is a member of that body.(3) (in REC) (in relation to a recognised body) a person who is entitled, under an arrangement or agreement between him and that body, to use that body's facilities.
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any paid up contribution by a member of a mutual where the members' accounts meet the following criteria:(a) the memorandum and articles of association or other constitutional documents must stipulate that payments may be made from these accounts to members only in so far as this does not cause the firm's capital resources to fall below the required level, or, if after dissolution of the firm, all the firm's other debts have been settled;(b) the memorandum and articles of association or other constitutional documents must stipulate, with respect to the payments referred to in (a) made for reasons other than the individual termination of membership, that the FSA must be notified at least one month in advance of the intended date of such payments; and(c) the FSA must be notified of any amendment to the relevant provisions of the memorandum and articles of association or other constitutional documents.
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(as defined in article 2(2) of the compensation transitionals order ) a person who at any time before commencement was a member society within the rules of the Friendly Societies Protection Scheme established in accordance with section 141 of the Financial Services Act 1986.
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the investment , specified in article 86(2) of the Regulated Activities Order, which is a person's membership (or prospective membership) of a Lloyd's syndicate.
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an underwriting agent who carries on the regulated activity of advising on syndicate participation at Lloyd's.
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a firm whose permission includes advising on syndicate participation at Lloyd's, but which is not an underwriting agent.