means a person to whom a banking business firm provides customer (or intends or wishes to provide, or has provided) a service or product and includes: (a) in relation to a deposit taker—a business customer of the firm (within the meaning given in COND); and (b) in relation to an investment dealer—a business customer or retail customer of the firm (within the meanings given in COND). means a period of 24 hours starting at midnight. day means the regulated activity described in FSR, dealing in investments Schedule 3, Part 2, paragraph 4. has the meaning given by rule 1.3.2. deposit-taker deposit taking means the regulated activity described in FSR, Schedule 3, Part 2, paragraph 1. has the meaning given by rule 4.6.37 (1). early amortisation provision For controlled and non-controlled early amortisation provisions see Note subrules 4.6.37 (2) and (3). ECRA means external credit rating agency. has the meaning given by rule 4.5.7. eligible financial collateral has the meaning given by rule 4.5.15. eligible guarantor in relation to a securitisation, has the eligible liquidity facility, meaning given by rule 4.6.28 (2). has the meaning given by rule 4.5.18. eligible netting agreement has the meaning given by rule 4.6.35 (2) eligible protection provider in relation to a securitisation, eligible servicer cash advance facility, has the meaning given by rule 4.6.31 (3). entity means any kind of entity, and includes, for example, any person. exercise control: an entity (entity A) exercises control over another (entity B) if: (a) entity A holds 10% or more of the shares of entity B, or is entitled to exercise or control the exercise of 10% or more of the voting power in entity B; (b) entity A holds 10% or more of the shares in a parent entity of entity B or is entitled to exercise or control the exercise of 10% or more of the voting power in a parent entity of entity B; or (c) entity A is able to exercise significant influence over the management of entity B or a parent entity of entity B because of
customer means a person to whom a banking business firm provides (or intends or wishes to provide, or has provided) a service or product and includes: (a) in relation to a deposit taker—a business customer of the firm (within the meaning given in COND); and (b) in relation to an investment dealer—a business customer or retail customer of the firm (within the meanings given in COND). day means a period of 24 hours starting at midnight. dealing in investments means the regulated activity described in FSR, Schedule 3, Part 2, paragraph 4. deposit-taker has the meaning given by rule 1.3.2. deposit taking means the regulated activity described in FSR, Schedule 3, Part 2, paragraph 1. early amortisation provision has the meaning given by rule 4.6.37 (1). Note For controlled and non-controlled early amortisation provisions see subrules 4.6.37 (2) and (3). ECRA means external credit rating agency. eligible financial collateral has the meaning given by rule 4.5.7. eligible guarantor has the meaning given by rule 4.5.15. eligible liquidity facility, in relation to a securitisation, has the meaning given by rule 4.6.28 (2). eligible netting agreement has the meaning given by rule 4.5.18. eligible protection provider has the meaning given by rule 4.6.35 (2) eligible servicer cash advance facility, in relation to a securitisation, has the meaning given by rule 4.6.31 (3). entity means any kind of entity, and includes, for example, any person. exercise control: an entity (entity A) exercises control over another (entity B) if: (a) entity A holds 10% or more of the shares of entity B, or is entitled to exercise or control the exercise of 10% or more of the voting power in entity B; (b) entity A holds 10% or more of the shares in a parent entity of entity B or is entitled to exercise or control the exercise of 10% or more of the voting power in a parent entity of entity B; or (c) entity A is able to exercise significant influence over the management of entity B or a parent entity of entity B because of
QFCRA_9582_VER5.docx