PRA Rulebook Glossary

Printed on: 06/07/2024

Rulebook at: 01/12/2004

Term

Definition

Letter: A

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.
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annual accounting period

(1) (in CIS) a period determined in accordance with CIS 9.2.1 R (Accounting period);
(2) (in COLL) the 12 month period stipulated in the prospectus which ends on the accounting reference date.
  • 01/12/2004

annual budget

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

annual eligible income

(in COMP ) the annual income (as described in Part 2 of SUP 20 Annex 1 R ) for the firm's last financial year preceding the date for submission of the information under COMP 16.6.11R attributable to the relevant contribution group ; or if the firm prefers, that amount of that annual income attributable to business conducted with eligible claimants , but only if the firm notifies FSCS of the amount in accordance with FSCS reporting requirements.
  • 01/12/2004

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.
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annual percentage rate

the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
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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 sections 261(2) and 262(1) of the Companies Act 1985, together with an auditor's report prepared in relation to those accounts under section 235 of the Companies Act 1985;
(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.
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apportionment and oversight function

controlled function CF8 in the table of controlled functions, described more fully in SUP 10.7.1 R .
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arranging safeguarding and administration of assets

that part of safeguarding and administering investments which consists solely of arranging for one or more other persons to carry on both:
(a) the safeguarding of assets belonging to another; and
(b) the administration of those assets.
  • 01/12/2004

assisting in the administration and performance of a contract of insurance

the regulated activity, specified in article 39A of the Regulated Activities Order (Assisting in the administration and performance of a contract of insurance) of assisting in the administration and performance of a contract of insurance.
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