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means the regulated activity, specified in article 51ZC of the Regulated Activities Order (Managing an AIF).
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means the regulated activity, specified in article 37 of the Regulated Activities Order (Managing investments).
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means the regulated activity, specified in article 51ZA of the Regulated Activities Order (Managing a UCITS).
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has the meaning given in article 3(1) of the Regulated Activities Order.
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has the meaning given in Allocation of Responsibilities 6.
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means all expenses, other than commission, incurred in the administration of a firm or its business.
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means the regulated activity, specified in article 25(2) of the Regulated Activities Order (Arranging deals in investments).
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The changes to this defined term are effective from 23:00 on 31/12/2020.
means a parent undertaking other than a regulated entity, which together with its subsidiaries, at least one of which is a regulated entity which has its head office in the UK, and other entities constitutes a financial conglomerate.
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means an amount calculated in accordance with Friendly Society - Overall Resources and Guarantee Fund 6 for long-term insurance business and Friendly Society - Overall Resources and Guarantee Fund 7 for general insurance business, whether the required margin of solvency is greater or less than that amount.
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has the meaning given in point (22) of Article 4(1) of the CRR.
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means an obligation in any applicable laws, regulations or rules to declare or disclose information to the public.