Term
Definition
Letter: A
ancillary activity
means an activity which is not a regulated activity but which is:
(1) carried on in connection with a regulated activity; or
(2) held out as being for the purposes of a regulated activity.
- 19/06/2014
ancillary own funds
The changes to this defined term are effective from 23:00 on 31/12/2020.
(1) (in relation to a UK Solvency II firm and Lloyd’s) has the meaning given in Own Funds 2.3 and are determined in accordance with Own Funds 2.3 to 2.7; or
(2) (in relation to an insurance holding company) means an own funds item referred to in Article 89 of the Solvency II Directive, determined in accordance with (1) as if it were a UK Solvency II firm; or
(3) (in relation to a third country branch undertaking) means an own funds item referred to in Article 89 of the Solvency II Directive, determined in accordance with (1) as if it were a UK Solvency II firm.
- 31/12/2020
ancillary service
The changes to this defined term are effective from 23:00 on 31/12/2020.
means any of the services listed in Part 3A of Schedule 2 to the Regulated Activities Order.
- 31/12/2020
ancillary services undertaking
means an undertaking, the principal activity of which consists of owning or managing property, managing data-processing services, or a similar activity which is ancillary to the principal activity of one or more credit institutions, investment firms or insurers.
- 01/01/2016