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the amount determined in accordance with LLD 11.3.1 R (General insurance business) or LLD 11.3.4 R (Long-term insurance business).
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(1) (except in CASS 4) a transaction executed by a firm with or for a client relating to a future, option or contract for differences (or any right to or any interest in such an investment) under the terms of which the client will or may be liable to provide cash or collateral to secure performance of obligations which he may have to perform when the transaction falls to be completed or upon the earlier closing out of his position.
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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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a firm whose permission includes advising on syndicate participation at Lloyd's, but which is not an underwriting agent.
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the excess of the value of an insurer's assets over the amount of its liabilities, that value and amount being determined in accordance with IPRU(INS) and IPRU(FSOC).
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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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(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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(in COLL and CIS) cash or other property paid, transferred or deposited under the terms of a derivative; for these purposes cash or property will be treated as having been paid, transferred or deposited if it must be paid, transferred or deposited in order to comply with a requirement imposed by the market on which the contract is made or traded.
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any of the following investments:(a) a debenture which is issued on terms requiring repayment not later than five years from the date of issue;(b) any government and public security which is issued on terms requiring repayment not later than one year or, if issued by a local authority in the United Kingdom , five years from the date of issue;(d) a certificate representing certain securities or rights to or interests in investments relating, in either case, to an investment within (a) or (b);(e) an option relating to:(i) an instrument in (a) or (b); or(ii) currency of the United Kingdom or of any other country or territory; or(iii) gold or silver;(f) a future for the sale of:(i) an instrument in (a) or (b); or(ii) currency of the United Kingdom or of any other country or territory; or(iii) gold or silver;(g) a contract for differences by reference to fluctuations in:(i) the value or price of any instrument within any of (a) to (f); or(ii) currency of the United Kingdom or of any other country or territory; or(iii) the rate of interest on loans in any such currency or any index of such rates;(h) an option to acquire or dispose of an instrument within (e), (f) or (g).
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(in COB ) (in relation to a transaction) any interest of a material nature, other than:(a) disclosable commission on the transaction;(b) goods or services which can reasonably be expected to assist in carrying on designated investment business with or for clients and which are provided or to be provided under a soft commission agreement or
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the Money Laundering Regulations 2003 (SI 2003/3075) (see ML).
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(b) any person carrying on the regulated activity of managing the underwriting capacity of a Lloyd's syndicate in respect of members whose insurance business at Lloyd's includes motor vehicle liability insurance business.
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an ISA which includes a stocks and shares component and may also include other qualifying investments such as:(a) a cash component;(b) an insurance component;as prescribed in paragraphs 7, 8 and 9 respectively of the ISA Regulations.
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a person who carries on money service business other than a firm , a BCD credit institution or a financial institution.
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the information centre appointed to meet the United Kingdom's obligations under article 5 of the Fourth Motor Insurance Directive (Information Centres).
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the regulated activity, specified in article 57 of the Regulated Activities Order (Managing the underwriting capacity of a Lloyd's syndicate), of managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyd's.
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(in relation to a UK recognised body) accounts showing the actual and budgeted income and expenditure of that body over any period.
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a firm with permission (or which ought to have permission ) for advising on regulated mortgage contracts.
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the regulated activity, specified in article 25A(2) of the Regulated Activities Order, which is in summary: making arrangements with a view to a person who participates in the arrangements entering into a regulated mortgage contract as borrower.(see also arranging (in relation to regulated mortgage contracts) and arranging (bringing about) regulated mortgage contracts.)
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(for the purpose of PRU 8 (Group Risk) and in relation to a financial conglomerate):(b) (if there is more than one investment firm in that financial conglomerate) the member of the financial conglomerate identified in the same way as the main firm for the purposes of rule 14.4.2 of Chapter 14 of IPRU(INV) (Group Financial Resources), but so that the comparison required by that rule must be carried out with respect to all investment firms in the financial conglomerate.