Term
Definition
Letter: A
Accounts Regulations
means the Friendly Society (Accounts and Related Provisions) Regulations 1994.
- 01/01/2016
actuarial investigation
means an investigation to which Insurance Company – Reporting 5.8 – 5.12 applies.
- 01/07/2016
actuarial valuation date
means the date as which the mathematical reserves are calculated.
- 01/01/2016
admission to trading
means 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.
- 01/01/2016
advising on investments
means the regulated activity, specified in article 53 of the Regulated Activities Order (Advising on investments).
- 03/08/2015
advising on pension transfers and pension opt-outs
means advising on investments in respect of pension transfers and pension opt-outs.
- 03/08/2015
agreeing to carry on a regulated activity
means the regulated activity, specified in article 64 of the Regulated Activities Order (Agreeing to carry on specified kinds of activity).
- 03/08/2015
AIFM investment management functions
- 03/08/2015
analogous non-reinsurance financing agreement
means analogous non-reinsurance financing agreements, including contingent loans, securitisations and any other arrangements in respect of contracts of insurance that are analogous to contracts of reinsurance in terms of the risks transferred and the finance provided.
- 01/01/2016
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
approved credit institution
The changes to this defined term are effective from 23:00 on 31/12/2020.
means a credit institution recognised or permitted under the law of the UK to carry on any of the activities set out in Annex 1 to the CRD.
- 31/12/2020
approved financial institution
The changes to this defined term are effective from 23:00 on 31/12/2020.
means any of the following:
(1) the European Central Bank;
(2) the central bank of an EEA State;
(3) the International Bank for Reconstruction and Development;
(4) the European Bank for Reconstruction and Development;
(5) the International Finance Corporation;
(6) the International Monetary Fund;
(7) the Inter-American Development Bank;
(8) the African Development Bank;
(9) the Asian Development Bank;
(10) the Caribbean Development Bank;
(11) the European Investment Bank;
(12) the EU;
(13) the European Atomic Energy Community; and
(14) the Bank of England.
- 31/12/2020
approved person
means a person in relation to whom the FCA or the PRA has given its approval under section 59 of FSMA (Approval for particular arrangements) for the performance of a controlled function.
- 19/06/2014
approved stock lending transaction
means a stock lending transaction in respect of which the conditions in Insurance Company – Risk Management 8.2 have been met.
- 01/01/2016
arranging (bringing about) deals in investments
means the regulated activity specified in article 25(1) of the Regulated Activities Order.
- 03/08/2015
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
Article 18(5) relationship
means a relationship where undertakings are linked by participations or capital ties other than those referred to in paragraphs (1) and (4) of Article 18 of the CRR.
- 29/12/2020
authorised electronic money institution
has the meaning given in regulation 2(1) of the Electronic Money Regulations.
- 12/03/2023
authorised payment institution
has the meaning given in regulation 2(1) of the Payment Services Regulations.
- 12/03/2023
authorised person
s417(1) FSMA
- 02/04/2015