-
that part of safeguarding and administering investments which consists solely of arranging for one or more other persons to carry on both:
(a) the safeguarding of assets belonging to another; and
(b) the administration of those assets.
-
has the meaning given in the Glossary to the FCA Handbook.
-
This term is defined externally, please refer to:
s237(3) FSMA
-
The changes to this defined term are effective from 23:00 on 31/12/2020.
means an undertaking with a Part 4A permission under Article 51ZA of the Regulated Activities Order (Managing a UCITS) or an undertaking, the registered office of which is outside the UK and which would require such permission if it had its registered office within the UK.
-
means an asset contained in the relevant portfolio of assets, that falls within the scope of Matching Adjustment 4.4(1).
-
means a category of assets that have similar features and/or similar methodologies for the purposes of determining the credit rating or internal credit assessment for that type of asset.
-
has the meaning given in regulation 2(1) of the Payment Services Regulations.
-
This term is defined externally, please refer to:
s237(3) FSMA
-
has the meaning given in regulation 2(1) of the Electronic Money Regulations.
-
means (in relation to a person ("A")):
(1) an affiliated company of A;
(2) an appointed representative of A, or a tied agent of A, or of any affiliated company of A; and
(3) any other whose business or domestic relationship with A or A’s associate might reasonably be expected to give rise to a community of interest between them which may involve a conflict of interest in dealings with third parties. -
This term is defined externally, please refer to:
s417(1) FSMA
-
-
means
(1) (in relation to a company incorporated in the UK) an annual report and annual accounts as those terms are defined in section 471 of the Companies Act 2006 together with an auditor's report prepared in relation to those accounts under sections 495 to 497A of the same Act;
(2) (in relation to any other body) any similar or analogous documents which it is required to prepare whether by its constitution or by the law under which it is established. -
(1) (in relation to an insurer which is not a pure reinsurer) has the meaning in Insurance Company – Capital Resources 13; or
(2) (in relation to a pure reinsurer) means an asset the holding of which is consistent with compliance by the firm with Insurance Company – Risk Management 5.
-
means a with-profits policy which has a readily identifiable current benefit, whether or not this benefit is currently realisable, which is adjusted by an amount explicitly related to the amount of any premium payment and to which additional benefits are added in respect of participation in profits by additions directly related to the current benefit, or a policy with similar characteristics.
-
means a quasi-derivative in respect of which the conditions in Insurance Company – Risk Management 6.2 are met.
-
means the regulated activity specified in article 63S of the Regulated Activities Order.
-
-
means (in relation to a person) an undertaking in the same group as that person.
-
means a person in relation to whom the FCA or the PRA has given its approval under section 59 of FSMA (Approval for particular arrangements) for the performance of a controlled function.