Term
Definition
Letter: A
acting as the depositary or sole director of an open-ended investment company
- 22/07/2014
admission or admission to listing
- 01/07/2005
applicable sectoral rules
- 01/04/2013
appropriate UK regulator
- 01/04/2013
approved bank
- 01/04/2009
approved collateral
- 01/12/2004
approved credit institution
means a credit institution recognised or permitted under the law of an EEA State to carry on any of the activities set out in Annex 1 to the CRD.
- 01/01/2016
approved depositary
- 01/12/2004
approved derivative
- 01/04/2009
approved financial institution
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; and
(13) the European Atomic Energy Community.
- 01/01/2016
approved money-market instrument
- 23/07/2008
approved person
- 01/04/2013
approved quasi-derivative
- 31/12/2006
approved reinsurance to close
- 31/12/2009
approved reinsurance to close
means;
(1) a reinsurance to close effected before 1 January 2005; or
(2) an agreement under which members of a syndicate in one syndicate year ("the reinsured members") agree with the members of that syndicate in a later syndicate year or the members of one other syndicate ("the reinsuring members") that the reinsuring members will discharge, or procure the discharge of, or indemnify the reinsured members against, all known and unknown insurance business liabilities of the reinsured members arising out of the insurance business carried on by the reinsured members in that syndicate year that is:
(a) effected after 1 January 2005; and
(b) not a balance transfer between two syndicate years where the syndicate has only one member and the member is the same in each of those years; or
(3) an agreement under which members of a syndicate in one syndicate year ("the reinsured members") agree with a subsidiary of the Society that that subsidiary will discharge, or procure the discharge of, or indemnify the reinsured members against, all known and unknown insurance business liabilities of the reinsured members arising out of the insurance business carried on by the reinsured members in that syndicate year ("the reinsured liabilities") and where:
(a) that subsidiary is wholly owned by the Society and if from time to time the subsidiary has an asset or cash flow deficiency such that the subsidiary is unable to meet any of the liabilities which it has reinsured, the Society is legally obliged to pay to the subsidiary a sum equal to that deficiency; and
(b) at the effective date of the agreement, the relevant syndicate year has been open for at least two years after the date at which it would normally have been closed in accordance with the policies and practices in relation to the syndicate concerned.
- 01/01/2016
approved reporting mechanism
- 01/04/2013
approved security
- 01/04/2009
approved State
means any of the following:
(1) an EEA state;
(2) the United States of America;
(3) Canada;
(4) Japan; or
(5) Australia,
other than when that country has rescheduled its external debt.
- 01/01/2016
approved stock lending transaction
- 31/12/2006
approved stock lending transaction
means a stock lending transaction in respect of which the conditions in Insurance Company – Risk Management 8.2 have been met.
- 01/01/2016