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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 excess of the value of the friendly society’s assets over the amount of its liabilities, that value and amount being determined in accordance with Friendly Society – Asset Valuation, Friendly Society – Liability Valuation and Friendly Society – Overall Resources and Guarantee Fund 8.
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has the meaning given in article 3(1) of the Regulated Activities Order.
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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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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 51ZA of the Regulated Activities Order (Managing a UCITS).
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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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the provision made by an insurer to cover liabilities (excluding liabilities which have fallen due and liabilities arising from deposit back arrangements) arising under or in connection with contracts of long-term insurance.