PRA Rulebook Glossary

Printed on: 05/07/2024

Rulebook at: 01/12/2004

Term

Definition

Letter: A

acting as trustee of an authorised unit trust scheme

the regulated activity, specified in article 51(1)(b) of the Regulated Activities Order (Establishing etc a collective investment scheme), of acting as a trustee of an authorised unit trust scheme.
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affected person

(in COLL and CIS):
(a) (in relation to an ICVC):
(i) the ICVC;
(ii) its depositary;
(iii) a director of the ICVC;
(iv) any investment adviser of the ICVC;
(v) any associate of any person in (a)(i), (ii), (iii) or (iv);
(vi) the auditor of the scheme;
(b) (in relation to an AUT):
(i) the manager;
(ii) the trustee;
(iii) any investment adviser of the manager;
(iv) any associate of any person in (b)(i), (ii) or (iii);
(v) the auditor of the scheme.
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appropriate personal pension

a personal pension policy or a personal pension contract under which contributions are made to a personal pension schemewhich is an appropriate scheme under section 1(8) of the Social Security Act 1986 or article 3(8) of the Social Security (Northern Ireland) Order 1986.
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approved person

a person in relation to whom the FSA has given its approval under section 59 of the Act (Approval for particular arrangements) for the performance of a controlled function.
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authorised corporate director

the director of an ICVC who is the authorised corporate director of the ICVC in accordance with COLL 6.5.3 R (Appointment of an ACD) or, as the case may be, CIS 7.2.1 R (The directors) including, if relevant, an EEA UCITS management company.
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authorised fund

an ICVC or an AUT.
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authorised fund manager

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authorised person

(in accordance with section 31 of the Act (Authorised persons)) one of the following:
(a) a person who has a Part IV permission to carry on one or more regulated activities;
(b) an incoming EEA firm;
(c) an incoming Treaty firm;
(d) a UCITS qualifier;
(e) an ICVC;
(f) the Society of Lloyd's.
(see also GEN 2.2.18 R for the position of an authorisedpartnership or unincorporated association which is dissolved.)
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authorised professional firm

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authorised UK representative

(in relation to a firm) a person resident in the United Kingdom who is authorised to act generally, and to accept service of any document, on behalf of the firm.
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authorised unit trust manager

a manager of an AUT.
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authorised unit trust scheme

(as defined in section 237(3) of the Act (Other definitions)) a unit trust scheme which is authorised for the purposes of the Act by an authorisation order.
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authorised Voluntary Jurisdiction participant

a participant in the Voluntary Jurisdiction who is an authorised person.
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