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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

Head of Internal Audit function

01/01/2019

has the meaning given in Senior Management Functions 3.5.

Holloway sickness policy

01/01/2016

means a contract of long-term insurance offered or effected by a friendly society under the Holloway system, providing permanent health benefits and, in addition, investment benefits, where the investment benefits:

(1) are derived from surpluses accrued by the friendly society and apportioned to policyholders; and

(2) are payable to policyholders at maturity, on retirement, on death, or as otherwise specified by contractual provisions or individual society rules.

home Member State

02/04/2015

has the meaning given in Article 4(1)(43) of the CRR.