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has the meaning given in Article 1(41) or (42) of the Solvency II Regulations, as appropriate.
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means investment services and activities and, where relevant, ancillary services carried on by a MiFID investment firm.
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means the class of contract of insurance, specified in paragraph 10 of Part I of Schedule 1 to the Regulated Activities Order.
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means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast).
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means the risk of loss, or of adverse change, in the value of insurance obligations, resulting from changes in the level, trend or volatility of mortality rates, where an increase in the mortality rate leads to an increase in the value of insurance obligations.
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means a relevant portfolio of insurance or reinsurance obligations and the corresponding relevant portfolio of assets.
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The changes to this defined term are effective from 23:00 on 31/12/2020.
has the meaning given in paragraph 2.1A of MiFIR.
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means an obligation in any applicable laws, regulations or rules to declare or disclose information to the public.