PRA Rulebook Glossary

Printed on: 06/07/2024

Rulebook at: 03/08/2015

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

accumulating with-profits policy

a with-profits insurance contract which has a readily identifiable current benefit, whether or not this benefit is currently realisable, which is adjusted by an amount explicitly related to the amount of any premium payment and to which additional benefits are added in respect of participation in profits by additions directly related to the current benefit or a policy with similar characteristics.
  • 31/12/2004

acting as the depositary or sole director of an open-ended investment company

the regulated activity, specified in article 51(1)(c) of the Regulated Activities Order (Establishing etc a collective investment scheme), of acting as the depositary or sole director of an open-ended investment company.
  • 22/07/2014

acting as trustee or depositary of a UCITS

the regulated activity, specified in article 51ZB of the Regulated Activities Order which is, in summary, acting as:
(a) a trustee of an authorised unit trust scheme; or
(b) a depositary of an open-ended investment company; or
(c) a depositary of an authorised contractual scheme;
where that company or scheme is a UCITS.
  • 23/07/2013

acting as trustee or depositary of an AIF

the regulated activity, specified in article 51ZD of the Regulated Activities Order, which is, in summary, acting as:
(a) a depositary of an AIF falling within article 51ZD(2) of the Regulated Activities Order;
(b) the trustee of an authorised unit trust which is an AIF that does not fall within article 51ZD(2) of the Regulated Activities Order;
(c) the depositary of an open-ended investment company or of an authorised contractual scheme which is an AIF that does not fall within article 51ZD(2) of the Regulated Activities Order.
  • 23/07/2013

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 (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

annual report and accounts

means

(1) (in relation to a company incorporated in the UK) an annual report and annual accounts as those terms are defined in section 471 of the Companies Act 2006 together with an auditor's report prepared in relation to those accounts under sections 495 to 497A of the same Act;
(2) (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.

  • 03/08/2015

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

arranging

(a) (except in relation to a home finance transaction) arranging (bringing about) deals in investments, making arrangements with a view to transactions in investments or agreeing to carry on either of those regulated activities.
(b) (in relation to a regulated mortgage contract) arranging (bringing about) regulated mortgage contracts, making arrangements with a view to regulated mortgage contracts or agreeing to carry on either of those regulated activities;
(c) (in relation to a home purchase plan) arranging (bringing about) a home purchase plan, making arrangements with a view to a home purchase plan or agreeing to carry on either of those regulated activities.
(d) (in relation to a home reversion plan) arranging (bringing about) a home reversion plan, making arrangements with a view to a home reversion plan or agreeing to carry on either of those regulated activities.
  • 06/04/2007

arranging (bringing about) a home finance transaction

  • 01/07/2009

arranging (bringing about) a home purchase plan

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

arranging (bringing about) a regulated sale and rent back agreement

the regulated activity, specified in article 25E(1) of the Regulated Activities Order, which is in summary making arrangements:
(a) for another person to enter into a regulated sale and rent back agreement as an agreement seller or as an agreement provider; or
(b) for another person to vary 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 so 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;
including making arrangements with a view to a person who participates in the arrangements entering into a regulated sale and rent back agreement as agreement seller or agreement provider.
  • 06/10/2009

arranging deals in contracts of insurance written at Lloyd's

the regulated activity, specified in article 58 of the Regulated Activities Order (Arranging deals in contracts of insurance written at Lloyd's), carried on by the Society of Lloyd's of arranging deals in contracts of insurance written at Lloyd's.
  • 01/12/2004

arranging qualifying credit

the controlled activity, specified in paragraph 10A of Schedule 1 to the Financial Promotion Order, of making arrangements:
(a) for another person to enter as borrower into an agreement for the provision of qualifying credit; or
(b) for a borrower under a regulated mortgage contract, entered into on or after 31 October 2004, to vary the terms of that contract.
  • 01/12/2004

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

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.

  • 03/08/2015

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.
  • 01/12/2004

authorised professional firm

  • 01/12/2004