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  • [ U ]

    • Ultimate Parent Undertaking

      The highest parent investment firm undertaking of the investment firm licensee or the holding company whose predominant investment are shares of the investment firm(s) (wherever established) that is not itself the subsidiary of another undertaking.

      Added: October 2015

    • Underwrite/Underwriting

      Is when a licensee(s) bears the risk of commitment to market or place all or part of the issue of a financial instrument issued by an unconnected party (the issuer), to investors, in return for a fee and within a pre-agreed upon timeframe. Underwriting includes a binding commitment by the licensee(s) to purchase the portion of the issue which remains unsubscribed for.

      Added: October 2012

    • Unsolicited Real Time Promotion

      A real time promotion in breach of Rule BC-2.3.12.