PRA Rulebook Glossary

Printed on: 06/07/2024

Rulebook at: 23/07/2013

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

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.
  • 01/12/2004

authorised AIF

an AIF which is an authorised fund.
  • 23/07/2013

authorised central counterparty

a CCP authorised or recognised under EMIR.
  • 01/01/2013

authorised contractual scheme

  • 23/07/2013

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) including, if relevant, an EEA UCITS management companyor incoming EEA AIFM.
  • 23/07/2013

authorised electronic money institution

(in accordance with regulation 2(1) of the Electronic Money Regulations):
(a) a person included by the FCA in the Financial Services Register as an authorised electronic money institution pursuant to regulation 4(1)(a) of the Electronic Money Regulations; or
(b) a person deemed to have been granted authorisation by virtue of regulation 74 of the Electronic Money Regulations.
  • 01/04/2013

authorised fund

an ICVC, ACS or an AUT.
  • 23/07/2013

authorised fund manager

  • 23/07/2013

authorised insurance company

(In COMP) (in accordance with the compensation transitionals order) a person who was, at any time before commencement, authorised under section 3 or 4 of the Insurance Companies Act 1982 to carry on insurance business of any class in the United Kingdom.
  • 22/12/2006

authorised payment institution

(in accordance with regulation 2(1) of the Payment Services Regulations) a person included by the FCA in the Financial Services Register as an authorised payment institution pursuant to regulation 4(1)(a), or a person deemed to have been granted authorisation by virtue of regulation 121 of the Payment Services Regulations.
  • 01/04/2013

authorised person

(in accordance with section 31 of the Act (Authorised persons)) one of the following:
(a) a person who has a Part 4A 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.)
  • 01/04/2013

authorised primary dealer

(as defined in article 2(1)(n) of the short selling regulation) a natural or legal person who has signed an agreement with a sovereign issuer or who has been formally recognised as a primary dealer by or on behalf of a sovereign issuer and who, in accordance with that agreement or recognition, has committed to dealing as principal in connection with primary and secondary market operations relating to debt issued by that sovereign issuer.
  • 01/11/2012

authorised primary dealer exemption

an exemption from articles 7, 13 and 14 of the short selling regulation for the activities of an authorised primary dealer pursuant to article 17 of the short selling regulation.
  • 01/11/2012

authorised professional firm

  • 01/12/2004

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.
  • 01/12/2004

authorised unit trust manager

a manager of an AUT.
  • 01/12/2004

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.
  • 01/12/2004

authorised Voluntary Jurisdiction participant

a participant in the Voluntary Jurisdiction who is an authorised person.
  • 01/12/2004