Term
Definition
Letter: A
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.
- 01/12/2004
admission or admission to listing
- 01/07/2005
admission to trading
(3) (elsewhere in the Handbook)(in relation to an investment and an exchange) the process by which the exchange permits members of the exchange to enter into transactions in that investment under and subject to the rules of the exchange.
- 22/12/2006
agreeing to carry on a regulated activity
the regulated activity, specified in article 64 of the Regulated Activities Order (Agreeing to carry on specified kinds of activity), of agreeing to carry on an activity specified in Part II of that Order other than:
(a) accepting deposits;
(aa) issuing electronic money;
- 01/12/2004
alternative trading system
a system that brings together multiple buying and selling interests in designated investments (other than life policies or
stakeholder pension schemes or rights to or interests in
life policies or stakeholder pension schemes), in the system and according to non-discretionary rules set by the system's operator in a way that results in a contract but does not include:
(a) a system that is operated by an RIE or that is
regulated market or an EEA commodities market; or
(b) a bilateral system.
- 01/12/2004
applicable sectoral consolidation rules
(in respect of a financial sector and in accordance with paragraph 6.10 of
PRU 8 Ann 1R G
(Applicable sectoral consolidation rules)) the
FSA's
sectoral rules about capital adequacy and solvency on a consolidated basis applicable to that financial sector under the table in paragraph 6.11 of PRU 8 Ann 1R G.
- 01/12/2004
applicable sectoral rules
(in respect of a financial sector) applicable sectoral consolidation rules for that financial sector and the
FSA's
sectoral rules about capital adequacy and solvency applicable to that financial sector under the table in paragraph 6.8 of PRU 8 Ann 1R Gwhich of those sets of rules apply for the purpose of a particular calculation depends on the nature of that calculation.
- 01/12/2004
approved reinsurance to close
(a) a reinsurance to close effected before 1 January 2005; or
(b) an agreement under which members of a syndicate in one syndicate year ("the reinsured members") agree with the members of that syndicate in a later syndicate year or the members of another
syndicate ("the reinsuring members") that the reinsuring members will discharge, or procure the discharge of, or indemnify the reinsured members against, all known and unknown insurance business liabilities of the reinsured members arising out of the insurance business carried on by the reinsured members in that syndicate year that is:
(i) effected after 1 January 2005; and
(ii) not a balance transfer between two syndicate years where the syndicate has only one member and the member is the same in each of those years.
- 01/01/2005
approved stock lending transaction
a stock lending transaction in respect of which the conditions in PRU 4.3.36 Rhave been met.
- 31/12/2004
ATS operator
a firm that operates an ATS or that has accepted responsibility for the operation of an ATS by an appointed representative.
- 01/12/2004
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.
- 01/12/2004