CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

FCA 2013/xx
(ii)
any private or public undertaking which
meets the definition in (1)(a) – 1(b) and
which has been authorised in a non-EEA
State. [deleted]
(see also BCD credit institution, full credit institution, full
BCD credit institution and Zone A credit institution.)
(1A)
(in GENPRU, BIPRU and IFPRU) has the meaning in
article 4(1)(1) of the EU CRR.
…
credit risk mitigation (1) (in GENPRU and BIPRU) (in accordance with Article 4(30)
of the Banking Consolidation Directive (Definitions)) a
technique used by an undertaking to reduce the credit risk
associated with an exposure or exposures which the
undertaking continues to hold.
(2) (in IFPRU) has the meaning in article 4(1)(58) of the EU
CRR.
deal on own account (1) (for the purposes of GENPRU and BIPRU) has the meaning
in BIPRU 1.1.23R (Meaning of dealing on own account)
which is in summary the service referred to in point 3 of
Section A Annex I to MiFID, subject to the adjustments in
BIPRU 1.1.23R(2) and BIPRU 1.1.23R(3) (Implementation
of Article 5(2) of the Capital Adequacy Directive).
(2) (for the purposes of IFPRU) has the meaning in IFPRU
1.1.12R (Meaning of dealing on own account) which is, in
summary, the service referred to in point 3 of Section A of
Annex I to MiFID, subject to the adjustments in IFPRU
1.1.12R(2) and IFPRU 1.1.12R(3) (Implementation of
article 29(2) of CRD).
discretionary pension
benefit
(1) (in SYSC 19A19C) enhanced pension benefits granted on a
discretionary basis by a firm to an employee as part of that
employee’s variable remuneration package, but excluding
accrued benefits granted to an employee under the terms of
his company pension scheme.
[Note: article 4(9) of the Banking Consolidation Directive]
(2) (in IFPRU and SYSC 19A) has the meaning in article
4(1)(73) of the EU CRR.
early amortisation
provision
(1) (in BIPRU) (in accordance with Article 100 of the Banking
Consolidation Directive (Securitisation of revolving
exposures) and in relation to a securitisation within the
meaning of paragraph (2) of the definition of securitisation)
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