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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

qualified investor scheme


means an ICVC, authorised unit trust scheme or an authorised contractual scheme whose instrument constituting the scheme contains the statement in COLL 8.2.6 R 1(2) of the FCA Handbook that it is a qualified investor scheme.

qualifying parent undertaking


has the meaning given in section 192B of FSMA.



a contract or asset having the effect of a derivative contract.