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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.
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means a relationship of one of the following kinds:
(1) where an institution exercises a significant influence over one or more institutions or financial institutions, but without holding a participation or other capital ties in these institutions; or
(2) where two or more institutions or financial institutions are placed under single management other than pursuant to a contract or clauses of their memoranda or articles of association.
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means an investigation to which Insurance Company – Reporting 5.8 – 5.12 applies.
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means the Friendly Society (Accounts and Related Provisions) Regulations 1994.
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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.
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means the regulated activity, specified in article 53 of the Regulated Activities Order (Advising on investments).
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means valuation methods that are consistent with the Valuation 2.1 and 2.2, other than those which solely use the quoted market prices for the same or similar assets or liabilities.
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This term is defined externally, please refer to:
s417(1) FSMA
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has the meaning given in regulation 2(1) of the Electronic Money Regulations.
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The changes to this defined term are effective from 23:00 on 31/12/2020.
means a collective investment undertaking, including investment compartments thereof which:
(1) raises capital from a number of investors, with the intention of investing it in accordance with a defined investment policy for the benefit of those investors; and
(2) does not require authorisation pursuant to article 5 of the UCITS Directive.