• [ E ] [ E ]

    • Effecting a Contract of Insurance

      The Regulated Activity described in paragraph 2 of Part 2 of Schedule 3 to the FSR.

      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • eligible bank

      A person that is an authorised firm with an authorisation for deposit taking, or a person in relation to whom all of the following requirements are satisfied:

      (a) the person is incorporated in a jurisdiction outside the QFC;
      (b) the Regulatory Authority has not, by notice, declared that this definition does not apply to the jurisdiction;
      (c) the person is regulated as a bank, and principally regulated for prudential purposes, by an overseas regulator in the jurisdiction;
      (d) the person is required to prepare audited accounts;
      (e) the person has minimum assets of US $10 million (or its equivalent in any other currency at the relevant time);
      (f) the person had surplus revenue over expenditure for the person's last 2 financial years;
      (g) the person's latest annual audit report is not materially qualified.
      Derived from QFCRA RMI/2008-2 (as from 1st October 2008).

    • Eligible Capital [Deleted]

      Deleted by QFCRA RM/2012-5 (as from 1st July 2013).

    • eligible clearing house [Deleted]

      Deleted by QFCRA RM/2014-6 (as from 1st January 2015)

    • eligible custodian [Deleted]

      Deleted by QFCRA RM/2011-4 (as from 1st July 2011).

    • eligible exchange [Deleted]

      Deleted by QFCRA RM/2019-4 (as from 1st January 2020).

    • eligible third party [Deleted]

      Deleted by QFCRA RM/2019-4 (as from 1st January 2020).

    • Emergency [Deleted]

      Deleted by QFCRA RM02/2009 (as from 6th December 2009).

    • Employee

      An individual:

      (A) who is employed or appointed by a Person in connection with that Person's business, whether under a contract of service or for services or otherwise; or
      (B) whose services, under an arrangement between that Person and a third party, are placed at the disposal and under the control of that Person.
      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Entity

      A body corporate or partnership or un-incorporated association carrying on a trade or business with a view to profit.

      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Equity Risk Capital Requirement [Deleted]

      Deleted by QFCRA RM/2014-3 (as from 1st January 2015)

    • Execute

      execute a transaction includes —

      (a) carry into effect or perform the transaction; and
      (b) instruct another person to execute the transaction.
      Amended by QFCRA RM/2010-03 (as from 30th April 2010).

    • Execution-Only Transaction [Deleted]

      Deleted by QFCRA RM/2014-6 (as from 1st January 2015)

    • Executive Governance Function

      executive governance function means the function described in CTRL, rule 1.2.6.

      Amended by QFCRA RM/2012-5 (as from 1st July 2013)
      Amended by QFCRA RM/2021-1 (as from 1st July 2021).

    • exercise

      In relation to a function — includes perform the function.

      Derived from QFCRA RM/2007-02 (as from 15th July 2007).

    • Existing Customer Order [Deleted]

      Deleted by QFCRA RM/2014-6 (as from 1st January 2015)

    • Expenditure Based Capital Minimum [Deleted]

      Deleted by QFCRA RM/2011-4 (as from 1st July 2011).