PRA Rulebook Glossary

Printed on: 01/07/2024

Rulebook at: 01/07/2009

Term

Definition

Letter: A

actuarial function

  • 31/12/2004

administering a home finance transaction

  • 01/07/2009

administering a home reversion plan

the regulated activity, specified in article 63B(2) of the Regulated Activities Order, which is in summary: administering a home reversion plan where the plan was entered into on or after 6 April 2007.
  • 06/04/2007

admission or admission to listing

  • 01/07/2005

advising on a home finance transaction

  • 01/07/2009

advising on a home purchase plan

the regulated activity, specified in article 53C of the Regulated Activities Order, which is in summary: advising a person if the advice:
(a) is given to him in his capacity as a home purchaser or potential home purchaser; and
(b) is advice on the merits of his:
(i) entering into a particular home purchase plan; or
(ii) varying the terms of a home purchase plan entered into by him on or after 6 April 2007 in such a way as to vary his obligations under that plan.
  • 06/11/2006

advising on a home reversion plan

the regulated activity, specified in article 53B of the Regulated Activities Order, which is in summary: advising a person if the advice:
(a) is given to him in his capacity as reversion occupier or plan provider or potential reversion occupier or potential plan provider; and
(b) is advice on the merits of his:
(i) entering into a particular home reversion plan; or
(ii) varying the terms of a home reversion plan entered into by him on or after 6 April 2007 in such a way as to vary his obligations under that plan.
  • 06/11/2006

advising on a regulated sale and rent back agreement

the regulated activity, specified in article 53D of the Regulated Activities Order, which is in summary advising a person if the advice:
(a) is given to a person in his capacity as:
(i) an agreement seller or potential agreement seller; or
(ii) an agreement provider or potential agreement provider; and
(b) is advice on the merits of his doing either of the following:
(i) entering into a particular regulated sale and rent back agreement; or
(ii) varying the terms of a regulated sale and rent back agreement entered into on or after 1 July 2009 by him as agreement seller or agreement provider, in such a way as to vary his obligations under that agreement and in relation to a person who acquires obligations or rights under a regulated sale and rent back agreement, an activity is a specified kind of activity for the purposes of this part of the definition only if the agreement was entered into by the agreement provider (rather than the obligations or rights acquired) on or after 1 July 2009.
  • 01/07/2009

advising on investments

the regulated activity, specified in article 53 of the Regulated Activities Order (Advising on investments), which is in summary: advising a person if the advice is:
(a) given to the person in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor; and
(b) advice on the merits of his doing any of the following (whether as principal or agent):
(i) buying, selling, subscribing for or underwriting a particular investment which is a security or relevant investment (that is, any designated investment, funeral plan contract, pure protection contract, general insurance contract or right to or interests in a funeral plan contract); or
(ii) exercising any right conferred by such an investment to buy, sell, subscribe for or underwrite such an investment.
(2) (in (Approved Persons) and APER) the regulated activity specified in article 53 (Advising on investments) of the Regulated Activities Order. For these purposes, advising on investments includes any activities that would be included but for the exclusion in article 72AA (Managers of UCITS and AIFs) of the Regulated Activities Order.
  • 06/07/2006

advising on investments (except pension transfers and pension opt-outs)

  • 01/12/2004

advising on pension transfers and pension opt-outs

advising on investments in respect of pension transfers and pension opt-outs.
  • 01/12/2004

advising on regulated mortgage contracts

the regulated activity, specified in article 53A of the Regulated Activities Order, which is in summary: advising a person if the advice:
(a) is given to the person in his capacity as a borrower or potential borrower; and
(b) is advice on the merits of his:
(i) entering into a particular regulated mortgage contract; or
(ii) varying the terms of a regulated mortgage contract entered into by him on or after 31 October 2004 in such a way as to vary his obligations under that contract.
  • 01/12/2004

advising on syndicate participation at Lloyd's

the regulated activity, specified in article 56 of the Regulated Activities Order (Advice on syndicate participation at Lloyd's), of advising a person to become, or continue or cease to be, a member of a particular Lloyd's syndicate.
  • 01/12/2004

announceable information

information which is usually the subject of a public announcement, although not subject to any formal disclosure requirement.
  • 01/12/2004

annual bonus

(in relation to a with-profits insurance contract) a discretionary addition to policy benefits under a with-profits insurance contract made by a long-term insurer as a result of the annual actuarial investigation.
  • 31/12/2004

annual information update

(in PR) the document referred to in PR 5.2.1 R.
  • 01/07/2005

approved stock lending transaction

a stock lending transaction in respect of which the conditions in INSPRU 3.2.36 R have been met.
  • 31/12/2006

arranging (bringing about) a home finance transaction

  • 01/07/2009

arranging (bringing about) a home reversion plan

the regulated activity, specified in article 25B(1) of the Regulated Activities Order, which is in summary: making arrangements for another person to:
(a) enter into a home reversion plan as reversion occupier or as plan provider; or
(b) vary the terms of a home reversion plan entered into by him as reversion occupier or as plan provider on or after 6 April 2007.
  • 06/11/2006

authorised payment institution

(in accordance with regulation 2(1) of the Payment Services Regulations) a person included by the FSA in the FSA Register as an authorised payment institution pursuant to regulation 4(1)(a), or a person deemed to have been granted authorisation by the FSA by virtue of regulation 121 of the Payment Services Regulations.
  • 01/05/2009