Strategic report Governance Financial statements Other information GLOSSARY OF TERMS CONTINUED M O S W Material Risk Takers persons identified as ONS Office for National Statistics SAYE scheme Save As You Earn scheme W50 Wealth 50, our curated selection of funds meeting the criteria of “material risk takers” as setOrganic growth Growth in assets under SIPP Self-invested Personal Pension available to UK investors out in the European Banking Authority regulatoryadministration can beattributed to two main technical standard and consequently subject tocauses. The first is growth due to the SMCR Senior Managers and Certification Regime Y the requirements of the Remuneration Code. appreciation in the value of existing assets SREP The FCA’s supervisory review and Year end/financial year Our financial year starts MiFID II Markets in Financial Instruments and the second is organic growth through evaluation process on 1 July and ends on 30 June Directive II additional contributions STAR Speedy Transfer and Re-registrations MLRO Money Laundering Reporting Officer P Multi-Manager funds A range of funds offered T by Hargreaves Lansdown which are managed Pillar 1 and 2 capital requirements The Basel TCFD Taskforce for Climate-related under the Fund of Funds format Committee on Banking Supervision set out Financial Disclosures certain capital requirements which must be met N by qualifying financial institutions Treating clients fairly A central concept to the Pillar 3 A set of disclosure requirements whichFCA’s retail regulatory agenda, which aims to Net new business (NNB) Represents enable the market to assess information on a ensure an efficient and effective market and subscriptions, cash receipts, cash and stock firm’s risks, capital and risk management thereby help consumers achieve a fair deal transfers in less cash withdrawals, cash and stock procedures transfers out U Net new clients Represents the net of new Platforum The advisory and research business specialising in investment platforms which UCITS Undertakings for Collective Investment clients less lost clients in the period compiles the Direct Platform Guide in Transferable Securities Nominated Director The non-independent, PMS Portfolio Management Service UK Corporate Governance Code non-executive director appointed to the Board A code published by the FRC which sets out by Peter Hargreaves pursuant to his shareholder PSD2The second Payment Services Directive standards for best boardroom practice with a agreement with the Company focus on Board leadership and effectiveness, Number of new clients Unique number of clients R remuneration, accountability and relations holding at least one account (PMS, ISA, SIPP orRDR Retail Distribution Review with shareholders Fund and Share Account) with a value greater than £100 at the year end NPS Net Promoter Score Net revenue Total revenue less commission paid, which is primarily the loyalty bonus paid to clients 185 Hargreaves Lansdown Report and Financial Statements 2021