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(in FEES ) (in relation to a firm and a class) the annual income (as described in FEES 6 Annex 3 R ) for the firm's last financial year ended in the year to 31 December preceding the date for submission of the information under FEES 6.5.13 R attributable to that class . A firm must calculate annual eligible income from such annual income in one of the following ways:(a) only include such annual income if it is attributable to business conducted with or for the benefit of eligible claimants and is otherwise attributable to compensatable business; or(b) include all such annual income.
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the date in any year stated in the most recently published prospectus as the date on or before which, in respect of each annual accounting period, an allocation of income is to be made.
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(in MIPRU)the income referred to in MIPRU 4.3
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the annual percentage rate of charge for a contract as calculated in accordance with MCOB 10 (Annual percentage rate).
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(in relation to a with-profits insurance contract) a discretionary addition to policy benefits under a with-profits insurance contract made by a long-term insurer as a result of the annual actuarial investigation.
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(in UPRU) has the meaning given in UPRU 2.1.3 R (Annual audited fixed expenditure).
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(A) In the PRA Handbook:(1) the Council Directive of 19 December 1991 concerning the annual accounts and consolidated accounts of insurance undertakings (No. 91/674/EEC).(2) (in UPRU) accounts prepared to comply with:(a) the Companies Acts 1985 to 1989, and their equivalent in Northern Ireland, where these provisions are applicable; or(b) the Companies Act 2006; or(c) other statutory obligations.(B) In the FCA Handbook:(1) the Council Directive of 19 December 1991 concerning the annual accounts and consolidated accounts of insurance undertakings (No. 91/674/EEC).(2) [deleted]
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the financial statements in respect of the year ending on the firm's annual accounting reference date, which is the date to which a corporate firm's accounts are prepared for the purposes of the Companies Acts, or, where the firm is not subject to the Companies Acts, the equivalent date chosen by the firm and notified to the FCA or PRA as the case may be.
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(1) [deleted](2) (in COLL): the period determined in accordance with COLL 6.8.2 R (3) to COLL 6.8.2 R (7)(Accounting periods).
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the annual budgeted costs of operating the Financial Ombudsman Service.
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(in MCOB) in relation to a:
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(a) (in relation to a company incorporated in the United Kingdom) an annual report and annual accounts as those terms are defined in:(i) section 262(1) of the Companies Act 1985, together with an auditor's report prepared in relation to those accounts under section 235 of the same Act where these provisions are applicable; or(ii) section 471 of the Companies Act 2006 together with an auditor's report prepared in relation to those accounts under sections 495 to 497 of the same Act;(b) (in relation to any other body) any similar or analogous documents which it is required to prepare whether by its constitution or by the law under which it is established.
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(for the purposes of INSPRU 1.4 ) in relation to a financial year, the net written premiums received during that financial year, except that in relation to a financial year that has been validly extended beyond, or shortened from, a period of 12 months, the amount of net written premiums is the amount determined in accordance with the formula: NWP x 365/Dwhere:(1) NWP is the amount of net written premiums received in the financial year; and(2) D is the number of days in that financial year.