Glossary

The Rulebook Glossary contains defined terms used in more than one Part across the PRA Rulebook. The full Glossary can be printed (including to pdf) or emailed using the icons. 

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  • (1) in relation to a company incorporated in the UK under the Companies Acts, means the accounting reference date of that company determined in accordance with section 391 of the Companies Act 2006; and
    (2) in relation to any other body, means the last day of its financial year.

  • means the date as which the mathematical reserves are calculated.

  • means in the case of:

    1. a firm which is a company, the applicable accounting requirements for the company concerned specified in Part 15 of the Companies Act 2006 or in any provision made under that Act;
    2. an overseas firm, the accounting requirements as would be applicable if that firm was a company with its registered or head office in the UK; or
    3. any other firm, the applicable accounting requirements for the type of firm concerned as specified in any relevant legislation;

    and for this purpose ‘accounting requirements’ means accounting requirements for the purposes of external financial reporting and ‘company’ has the same meaning as in section 1(1) of the Companies Act 2006.

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