Can refer to facilities supplying power to meet the base load and also to facilities which typically produce electricity at a constant and predictable rate, such as nuclear and coal-fired units, as opposed to facilities which produce an intermittent output.

The interest rate set by the Bank of England which is used as the basis for other banks' rates.

A radio transmitter or receiver and antenna used in the mobile cellular network. It maintains communications with cellular telephones within a given cell and transfers mobile traffic to other base stations and the fixed telephone network.

The Fourth Money Laundering Directive, Directive (EU) 2015/849 (MLD4) is a directive and, therefore, does not have direct effect. MLD4 Directive (EU) 2015/849 has been transposed into UK law by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017,

The making of a property closure order involves a two-stage process. The first is the closure notice and then secondly, a closure order can be applied for to the court pursuant to section 80 of the Anti-social Behaviour, Crime and Policing Act 2014 (ABCPA 2014). A closure notice cannot be appealed. A closure order can be appealed. Appeals are to the Crown Court and must be made within 21 days beginning with the date of the decision to which the appeal relates (ABCPA 2014, s 84). An appeal against the decision to issue the order may be made by: • a person who was served the closure notice, or • anyone who has an interest in the premises upon whom the notice was not served Where the court

The Basel Committee on Banking Supervision (BCBS) has announced its strategic priorities and work programme for 2025-2026, focusing on four key areas: Basel III implementation, risk assessment and resilience safeguarding, finance digitalisation, and liquidity. This initiative aims to enhance global financial stability by strengthening the regulation, supervision, and practices of banks worldwide, and with the Committee collaborating with various stakeholders, including other standard-setting bodies and international fora, to address regulatory gaps.

The Basel Committee on Banking Supervision’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed the Committee's work programme and strategic priorities for 2025-2026 in a meeting the group held on 4 February 2025. The programme emphasises four key areas: Basel III implementation, risk assessment and safeguarding resilience, digitalisation of finance, and liquidity.

An internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.

Basel III Accord refers to a comprehensive set of standards developed by the Basel Committee on Banking Supervision for the period of 2013-2018 with the purpose of strengthening the regulation, supervision and risk management of the banking sector.

The European Commission has published the keynote speech delivered by Commissioner McGuinness at the European Financial Integration 2024 joint conference of the Commission and the European Central Bank (ECB). Discussing the Fundamental Review of the Trading Book (FRTB), McGuinness noted that with it becoming clear that there will be a delay in the US in implementing the Basel standards until 1 January 2026 at the earliest, the Commission has decided to seek to postpone the date of application of the rules on market risk in the EU by one year, until 1 January 2026, to ensure a global level playing field for large European banks competing with other global players.

A layer 3 packet data communications service which provides access to an X.25 public switched network where the access circuit is a permanent or continuous link to the network from the customer’s premises.

This Practice Note sets basic accounts procedures firms are expected to implement and is drawn from: • the SRA Accounts Rules 2011 (SRA AR 2011) • SRA Guidelines on Accounting Procedures and Systems at Appendix 3 of the SRA AR 2011 You may be required to justify any departure from the guidelines Keeping client money safe Requirements The over-arching objective of the SRA AR 2011 is to keep client money safe. Except when the rules provide otherwise, you must: • keep other people's money separate from your money • keep other people's money safely in a bank or building society account identifiable as a client account  Systems and controls You should have clear policies, systems and procedures to control access to computerised client accounts by determining who should have 'write to' and 'read only' access. Passwords should be held confidentially by designated personnel and changed regularly to maintain security. Access to the system should not unreasonably be restricted to a single person nor should more people than necessary be given access. Unused client account cheques should be stored securely