PRA Rulebook Glossary

Printed on: 06/07/2024

Rulebook at: 01/07/2012

Term

Definition

Letter: A

accepted channel for dissemination of information

(in relation to any prescribed market) an approved channel of communication by which information concerning investments traded on the market is formally disseminated to other market users on a structured and equitable basis.
  • 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 accounting period

(1) [deleted]
(2) (in COLL): the period determined in accordance with COLL 6.8.2 R (3) to COLL 6.8.2 R (7)(Accounting periods).
  • 01/04/2009

Annual Accounts

(1) the Council Directive of 19 December 1991 concerning the annual accounts and consolidated accounts of insurance undertakings (No. 91/674/EEC).
(2) (in UPRU) accounts prepared to comply with:
(a) the Companies Acts 1985 to 1989, and their equivalent in Northern Ireland, where these provisions are applicable; or
(b) the Companies Act 2006; or
(c) other statutory obligations.
  • 06/06/2008

annual audited fixed expenditure

(in UPRU) has the meaning given in UPRU 2.1.3 R (Annual audited fixed expenditure).
  • 01/01/2007

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 budget

the annual budgeted costs of operating the Financial Ombudsman Service.
  • 01/12/2004

annual eligible income

(in FEES ) (in relation to a firm and a sub-class) the annual income (as described in FEES 6 Annex 3 R ) for the firm's last financial year ended in the year to 31 December preceding the date for submission of the information under FEES 6.5.13 R attributable to that sub-class . A firm must calculate annual eligible income from such annual income in one of the following ways:
(a) only include such annual income if it is attributable to business conducted with or for the benefit of eligible claimants and is otherwise attributable to compensatable business; or
(b) include all such annual income.
  • 01/04/2010

annual financial statements

the financial statements in respect of the year ending on the firm's annual accounting reference date, which is the date to which a corporate firm's accounts are prepared for the purposes of the Companies Acts, or, where the firm is not subject to the Companies Acts, the equivalent date chosen by the firm and notified to the FSA .
  • 31/12/2009

annual income

(in MIPRU)the income referred to in MIPRU 4.3
  • 01/01/2007

annual income allocation date

the date in any year stated in the most recently published prospectus as the date on or before which, in respect of each annual accounting period, an allocation of income is to be made.
  • 01/12/2004

annual percentage rate

the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
  • 01/12/2004

annual report and accounts

(a) (in relation to a company incorporated in the United Kingdom) an annual report and annual accounts as those terms are defined in:
(i) section 262(1) of the Companies Act 1985, together with an auditor's report prepared in relation to those accounts under section 235 of the same Act where these provisions are applicable; or
(ii) section 471 of the Companies Act 2006 together with an auditor's report prepared in relation to those accounts under sections 495 to 497 of the same Act;
(b) (in relation to any other body) any similar or analogous documents which it is required to prepare whether by its constitution or by the law under which it is established.
  • 06/06/2008

annual statement provisions

  • 06/04/2007

annualised net written premiums

(for the purposes of INSPRU 1.4 ) in relation to a financial year, the net written premiums received during that financial year, except that in relation to a financial year that has been validly extended beyond, or shortened from, a period of 12 months, the amount of net written premiums is the amount determined in accordance with the formula: NWP x 365/Dwhere:
(1) NWP is the amount of net written premiums received in the financial year; and
(2) D is the number of days in that financial year.
  • 31/12/2006

appropriate charges information

(in COBS) information about charges which is calculated and presented in accordance with the charges rules in COBS 13.4.1 R and COBS 13 Annex 3.
  • 01/11/2007