Term
Definition
Letter: A
accountable functions
(1) (in the FCA Handbook and in relation to an approved person) the functions described in APER 1.1A.2 P, which are in summary:
(b) PRA controlled functions; and
(c) any other functions in relation to the carrying on of a regulated activity;
in relation to the authorised persons in relation to which that person is an approved person.(2) (in the PRA Handbook and in relation to an approved person) the functions described in APER 1.1B.2 P, which are in summary:
(c) any other significant-influence functions;
in relation to the PRA-authorised persons in relation to which that person is an approved person.- 01/04/2013
accountable significant-influence function
- 01/04/2013
actuarial function
(in the PRA Handbook) PRA controlled function CF12 in the
table of PRA controlled functions, described more fully in SUP 4.3.13 R and
SUP 10B.8.1 R
.
- 01/04/2013
administrative functions
(a) (in relation to managing investments):
(i) arranging settlement;
(ii) monitoring and processing corporate actions;
(iii) client account administration, liaison and reporting, including valuation and performance measurement;
(v) investment trust savings scheme administration;
(b) (in relation to effecting or carrying out life policies):
(i) new business administration;
(iii) preparing projections;
(iv) processing claims including pension payments;
(v) fund switching;
(c) (in relation to the operation of a stakeholder pension scheme):
(i) new business administration;
(ii) receipt of or alteration to contributions;
(iii) preparing projections and annual statements;
(iv) administration of transfers;
(v) handling claims, including pension payments;
(vi) fund allocation and switching.
- 06/11/2008
apportionment and oversight function
FCA controlled function
CF8 in Parts 1 and Part 2 of the
table of FCA controlled functions, described more fully in
SUP 10A.7.1 R
.
- 01/04/2013