• [ L ] [ L ]

    • Large Exposure [Deleted]

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

    • latest filed prospectus [Deleted]

      Deleted by QFCRA RM/2010-07 (as from 1st January 2011)

    • latest filed translation [Deleted]

      Deleted by QFCRA RM/2010-07 (as from 1st January 2011)

    • Law

      Law means a law of the State.

      Inserted by QFCRA RM/2010-04 (as from 1st October 2010)

    • Licence

      An authorisation or licence to incorporate or establish in the QFC or to carry on Permitted Activities in or from the QFC granted in accordance with Article 11 of the QFC Law.

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

    • life policy

      A long term insurance contract other than a reinsurance contract or a pure protection contract but including a long term care insurance contract.

      Derived from QFCRA RM/2007-01 (as from 1st July 2007).

    • Limited Liability Partnership

      A partnership incorporated under the Limited Liability Partnership Regulations or under the law of a country or territory outside the QFC where the liability of each of those partners (in its capacity as a partner) is limited, under the laws of that jurisdiction, to the amount of its capital contribution to the partnership.

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

    • Limited Liability Partnership Regulations

      The QFC Limited Liability Partnership Regulations 2005.

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

    • Liquidity Risk

      The risk of loss to an Authorised Firm as a result of inability to meet its obligations as they fall due.

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

    • listed fund [Deleted]

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

    • Local Authorities

      Government or municipal authorities, which do not operate at a national level.

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

    • Local Firm

      An Authorised Firm which is a QFC Entity.

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

    • Long Term Care Insurance Contract

      A Long Term Insurance Contract which:

      (1)
      (A) provides (or would at the policyholder's option provide) benefits for the policyholder which are payable or provided in the event that the policyholder's mental or physical health has deteriorated to the extent that he is incapacitated so that he is unable to live independently without assistance, and is not expected to recover to the extent that he can live independently without assistance; and
      (B) those benefits are payable or provided in respect of:
      (i) services;
      (ii) accommodation; or
      (iii) goods;

      which are necessary or desirable for the continuing care of the policyholder because of the incapacity referred to in (A); and
      (C) the benefits under the contract are capable of being paid periodically for all or part of the period during which the policyholder is unable to live independently without assistance; or
      (2) is sold or held out as providing benefits for the policyholder as set out in (1).
      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Long Term Insurance Business

      long term insurance business means insurance business in relation to long term insurance contracts.

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

    • Long Term Insurance Contract

      long term insurance contract means a contract of insurance that is a Long Term Insurance Contract under the Financial Services Regulations, schedule 3, part 3, paragraph 10.4.

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

    • Long Term Insurance Fund [Deleted]

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

    • Lower Tier Two Capital [Deleted]

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