X hits on this document

PDF document

Repealed by LN. 2013/198 as from 1.1.2014 - page 8 / 94

360 views

0 shares

0 downloads

0 comments

8 / 94

1989-47

Financial Services (Investment and Fiduciary Services)

Repealed Subsidiary 2007/002

FINANCIAL SERVICES (CAPITAL ADEQUACY OF INVESTMENT FIRMS) REGULATIONS 2007 “investment services and activities” means any of the services and activities listed in Section A of Annex I relating to any of the instruments listed in Section C of Annex I of Directive 2004/39/EC;

“local firm” means a firm dealing on own account on markets in financial- futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets or which deals for the accounts of other members of those markets and which are guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such firms is assumed by clearing members of the same markets;

“mixed financial holding company” means a parent undertaking, other than a regulated entity, which together with its subsidiaries, at least one of them is a regulated entity which has its head office in an EEA State, and other entities constitute a financial conglomerate;

“original own funds” has the meaning assigned to it by regulation 8;

“own funds” has the meaning assigned to it in the FSCACI Regulations;

“parent financial holding company in an EEA State” means a financial holding company which is not itself a subsidiary of a credit institution or an investment firm authorised in the same EEA State, or of a financial holding company set up in the same EEA State;

“parent investment firm in an EEA State” means an investment firm which has an investment firm or credit institution or financial institution as a subsidiary or which holds a participation in such entities, and which is not itself a subsidiary of an investment firm or credit institution authorised in the same EEA State, or of a financial holding company set up in the same EEA State;

“parent undertaking” means an undertaking which, in the opinion of the Authority, effectively exercises a dominant influence over another undertaking;

“recast Directive” means Directive 2006/49/EC of 14 June 2006, (as extended, where applicable, by the EEA Agreement);

“recognised non-European investment firm” means a firm which–

(a)

if it were established in an EEA State, would be covered by the definition of investment firm;

(b)

is authorised in a non-EEA State;

© Government of Gibraltar (www.gibraltarlaws.gov.gi)

Document info
Document views360
Page views360
Page last viewedTue Jan 24 03:22:39 UTC 2017
Pages94
Paragraphs2606
Words31302

Comments