-
-
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.
-
means the regulated activity, specified in article 53 of the Regulated Activities Order (Advising on investments).
-
means analogous non-reinsurance financing agreements, including contingent loans, securitisations and any other arrangements in respect of contracts of insurance that are analogous to contracts of reinsurance in terms of the risks transferred and the finance provided.
-
means the regulated activity, specified in article 64 of the Regulated Activities Order (Agreeing to carry on specified kinds of activity).
-
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.
-
This term is defined externally, please refer to:
s237(3) FSMA
-
means a relationship of one of the following kinds:
(1) where an institution exercises a significant influence over one or more institutions or financial institutions, but without holding a participation or other capital ties in these institutions; or
(2) where two or more institutions or financial institutions are placed under single management other than pursuant to a contract or clauses of their memoranda or articles of association.
-
has the meaning given in regulation 2(1) of the Payment Services Regulations.
-
The changes to this defined term are effective from 23:00 on 31/12/2020.
means any of the following:
(1) the European Central Bank;
(2) the central bank of an EEA State;
(3) the International Bank for Reconstruction and Development;
(4) the European Bank for Reconstruction and Development;
(5) the International Finance Corporation;
(6) the International Monetary Fund;
(7) the Inter-American Development Bank;
(8) the African Development Bank;
(9) the Asian Development Bank;
(10) the Caribbean Development Bank;
(11) the European Investment Bank;
(12) the EU;
(13) the European Atomic Energy Community; and
(14) the Bank of England.
-
The changes to this defined term are effective from 23:00 on 31/12/2020.
means a credit institution recognised or permitted under the law of the UK to carry on any of the activities set out in Annex 1 to the CRD.
-
has the meaning given in regulation 2(1) of the Electronic Money Regulations.
-
This term is defined externally, please refer to:
s417(1) FSMA
-
means a relationship where undertakings are linked by participations or capital ties other than those referred to in paragraphs (1) and (4) of Article 18 of the CRR.
-
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. -
means a stock lending transaction in respect of which the conditions in Insurance Company – Risk Management 8.2 have been met.
-
means an investigation to which Insurance Company – Reporting 5.8 – 5.12 applies.
-
-
means the date as which the mathematical reserves are calculated.
-
means the Friendly Society (Accounts and Related Provisions) Regulations 1994.