• [ O ] [ O ]

    • Objectives

      The regulatory objectives of the Regulatory Authority as set out in Article 12(3) of the FSR.

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

    • on-exchange

      In relation to a transaction — effected by means of the facilities and services of, or governed by the rules of, an exchange.

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

    • Operating a Collective Investment Fund

      operating collective investment schemes means the regulated activity described in the Financial Services Regulations, schedule 3, part 2, paragraph 12 as Operating a Collective Investment Fund.

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

    • operator

      operator, of a collective investment scheme, has the meaning given by COLL, rule 1.2.8.

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

    • Option

      The Specified Product described in Paragraph 7 of Part 3 of Schedule 3 to the FSR.

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

    • Option Risk Capital Requirement [Deleted]

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

    • Order

      An order or instruction to buy, sell, subscribe for, underwrite or exercise rights under a Relevant Investment.

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

    • ordinary resolution [Deleted]

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

    • Original Maturity

      (1) The time period between the date an offer is made and the date it expires or lapses.
      (2) In relation to Debentures, the interval between its issue date and the date on which it becomes due and payable.
      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Originator [Deleted]

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

    • OTC derivative

      OTC derivative means a derivative traded solely in transactions over the counter.

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

    • outsourcing

      outsourcing, for an authorised firm, means any form of arrangement that involves the firm relying on a third party service provider (including a member of the firm's group) for the exercise of a function relating to regulated activities of the firm that would otherwise be exercised by the firm, but does not include the following arrangements:

      (a) discrete advisory services (including, for example, the provision of legal advice), audit services, procurement of specialised training, billing, and physical security;
      (b) supply arrangements and functions (including, for example, the supply of electricity or water and the provision of catering and cleaning services);
      (c) the purchase of standardised services (including, for example, market information services and the provision of prices);
      (d) the appointment of a group employee to exercise a controlled function for the firm.
      Amended by QFCRA RM/2010-07 (as from 1st January 2011)

    • Overseas Regulator

      A regulatory or governmental authority, body or agency in a jurisdiction outside the QFC (whether in the State or otherwise).

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

    • over the counter

      over the counter, for a transaction, means—

      (a) not effected by means of the facilities and services of an exchange; and
      (b) not governed by the rules of an exchange.
      Amended by QFCRA RM/2010-07 (as from 1st January 2011)

    • Own Account Order [Deleted]

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

    • Own Account Transaction [Deleted]

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

    • Owner's Equity [Deleted]

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