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Glossary

The Rulebook Glossary contains defined terms used in more than one Part across the PRA Rulebook.

The full Glossary can be downloaded as a PDF or printed using the icons to the right.

Term Definition Legal instruments for this definition

FCA

29/04/2014

This term is defined externally, please refer to -

FSMA s417

FCA Handbook

02/04/2015

means the FCA’s Handbook of rules and guidance as amended from time to time.

financial conglomerate

03/08/2015

has the meaning given in point (14) of Article 2 of the Financial Groups Directive.

Financial Groups Directive

03/08/2015

means Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate.

financial holding company firm

19/01/2015

has the meaning set out at point 20 of Article 4(1) of the CRR.

financial instruments

02/04/2015

mean the instruments specified in Section C of Annex I of MiFID.

firm

01/01/2014

means a PRA-authorised person within the meaning of section 2B(5) of FSMA.

First Life Directive

19/06/2014

means the Council Directive of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance (No 79/267/EEC).

First Non-Life Directive

19/06/2014

the Council Directive of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct insurance other than life insurance (No 73/239/EEC).

former member

03/07/2015

means a person who has ceased to be a member, whether by resignation or otherwise, in accordance with Lloyd's Act 1982 and any byelaw made under it.

FSCS

03/07/2015

means the body corporate established under section 212 of FSMA to administer the compensation scheme.

FSMA

01/01/2014

means the Financial Services and Markets Act 2000.

Fundamental Rules

19/06/2014

means the rules set out in Fundamental Rules 2.

funeral plan contract

03/08/2015

means the investment specified in articles 59(2), 60 and 87 of the Regulated Activities Order.

future

03/08/2015

means the investment specified in article 84 of the Regulated Activities Order.