Important Business Service
A service whose disruption could cause intolerable harm to clients or market integrity.

Indemnities
Contractual protections, commonly for a Buyer, covering identified risks arising from due diligence or otherwise agreed between the parties.

Indemnity Claim
A claim for recovery under a specific contractual indemnity.

Indicative Offer
A preliminary, usually non-binding proposal stating the Buyer’s proposed valuation and key terms.

Integration Management Office (IMO)
The team responsible for coordinating and governing integration.

Integration Phasing
Sequencing integration changes over time.

Integration Plan
The detailed programme for combining people, systems, clients, processes and governance.

Intergenerational Wealth Transfer Risk
Risk that assets leave the firm when transferred to heirs or beneficiaries.

Interim Period
The period between Exchange and Completion.

Internal Capital Adequacy and Risk Assessment (ICARA)
A MIFIDPRU firm’s process for assessing capital, liquidity, risk and wind-down requirements.

Introducer Concentration
Dependence on particular professional or commercial introducers.

Investment Firm Group
A group treated as such under the applicable investment-firm prudential rules.

Investment Proposition Alignment
Transition to a consistent investment approach for clients.