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(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 the Companies Acts 1985 to 1989 and their equivalent in Northern Ireland, or other statutory obligations.
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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 sections 261(2) and 262(1) of the Companies Act 1985, together with an auditor's report prepared in relation to those accounts under section 235 of the Companies Act 1985;(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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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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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 COMP ) the annual income (as described in Part 2 of FEES 4 Annex 1 ) for the firm's last financial year preceding the date for submission of the information under FEES 6.5.13 R attributable to the relevant contribution group ; or if the firm prefers, that amount of that annual income attributable to business conducted with or on behalfof eligible claimants , but only if the firm notifies FSCS of the amount in accordance with FSCS reporting requirements.
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(in PR) the document referred to in PR 5.2.1 R.
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(in UPRU) has the meaning given in UPRU 2.1.3 R (Annual audited fixed expenditure).
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(in MIPRU)the income referred to in MIPRU 4.3
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(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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(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.