• [ P ] [ P ]

    • packaged product [Deleted]

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

    • Parent Entity

      An Entity which, with respect to another Entity:

      (A) holds a majority of the voting rights in that other Entity;
      (B) is a member of that other Entity (whether direct or indirect, or through legal or beneficial entitlement) and has the right to appoint or remove a majority of the board of directors of that other Entity;
      (C) has the right to exercise a dominant influence over the management and operation of that other Entity through:
      (i) provisions contained in the constitutive documents of that other Entity, or
      (ii) any contractual arrangement relating to the management and operation of that other Entity,
      (D) is a member of that other Entity (whether direct or indirect, or through legal or beneficial entitlement) and alone, or together with one or more Associate(s) holds a majority of the voting rights in that other Entity;

      or is a Parent Entity of any Entity which is a Parent Entity of that other Entity.

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

    • Partnership

      Any partnership, including a partnership constituted under the law of a country or territory outside the QFC, but not including a Limited Liability Partnership.

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

    • partnership agreement [Deleted]

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

    • Permanent Share Capital

      Ordinary paid-up share capital or similar shareholders' or members' equity, including retained earnings, however called.

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

    • Person

      Any person and includes a natural or legal person, body corporate, or body unincorporate, including a branch, company, partnership, unincorporated association or other undertaking, government or state.

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

    • Personal Account Transaction [Deleted]

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

    • Personal Data

      personal data means any information relating to an individual who can be identified, directly or indirectly, in particular by reference to an identification number or to 1 or more factors specific to the individual's physical, physiological, mental, economic, cultural or social identity.

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

    • PIIB Category [Deleted]

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

    • PIIB Category 1 [Deleted]

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

    • PIIB Category 2 [Deleted]

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

    • PIIB Category 3 [Deleted]

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

    • PIIB Category 4 [Deleted]

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

    • PIIB Category 5 [Deleted]

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

    • PINS

      PINS means the Insurance Business Rules 2006.

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

    • PINS Category [Deleted]

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

    • PINS Category 1 [Deleted]

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

    • PINS Category 2 [Deleted]

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

    • PINS Category 3 [Deleted]

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

    • PINS Category 4 [Deleted]

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

    • Policy Benefit [Deleted]

      Deleted by QFCRA RM/2013-1 (as from 1st January 2015).

    • Politically Exposed Persons [Deleted]

      Deleted by QFCRA RM/2010-03 (as from 30th April 2010).

    • Potential Future Credit Exposure (PFCE) [Deleted]

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

    • Premium Liability [Deleted]

      Deleted by QFCRA RM/2013-1 (as from 1st January 2015).

    • principal

      principal, in relation to an option, future or forward contract, means—

      (a) if the contract is an option on a future—the amount or value of the property that must be delivered to satisfy settlement of the future; or
      (b) in any other case—the amount or value of the property that must be delivered to satisfy settlement of the contract.
      Amended by QFCRA RM/2010-04 (as from 1st October 2010)

    • Principle [Deleted]

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

    • Principles of Conduct [Deleted]

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

    • PRIV

      PRIV means the Private Placement Schemes Rules 2010.

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

    • private equity fund [Deleted]

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

    • private placement fund [Deleted]

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

    • product disclosure document [Deleted]

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

    • product provider [Deleted]

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

    • Profit Equalisation Reserve [Deleted]

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

    • profit sharing investment account (PSIA) [Deleted]

      Deleted by QFCRA RM/2012-3 (as from 1st February 2013)

    • Project Finance [Deleted]

      Deleted by QFCRA RM/2012-3 (as from 1st February 2013)

    • project finance business [Deleted]

      Deleted by QFCRA RM/2012-3 (as from 1st February 2013)

    • Property

      Property of any form including:

      (A) money;
      (B) all forms of property, real or personal, heritable or moveable; and
      (C) things in action and other intangible or incorporeal property.
      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • property-related assets

      In COLL—any of the following:

      (a) shares, debt instruments or warrants issued by a body corporate if a substantial activity of the body corporate relates to investment in immovables;
      (b) securities receipts that give rights in relation to an investment to which in paragraph (a) applies.
      Derived from QFCRA RM/2007-02 (as from 15th July 2007).

    • protected cell company

      A company incorporated as, or converted into, a protected cell company under the Companies Regulations.

      Amended by QFCRA RM01/2008 (as from 7th April 2008).

    • Protection Buyer [Deleted]

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

    • Protection Seller [Deleted]

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

    • Providing Credit Facilities

      The Regulated Activity described in Paragraph 6 of Part 2 of Schedule 3 to the FSR.

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

    • Providing Custody Services

      The Regulated Activity described in Paragraph 8 of Part 2 of Schedule 3 to the FSR.

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

    • providing scheme administration [Deleted]

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

    • provision

      , of a law, any Rules or any other instrument, means any words or anything else that is part of the law, Rules or other instrument, and includes, for example —

      (a) provisions that consist of groups of words (for example, rules, subrules and paragraphs); and
      (b) provisions that consist of groups of other provisions (for example, parts).
      Inserted by QFCRA RM02/2009 (as from 6th December 2009).

    • PSIACOMcredit [Deleted]

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

    • PSIACOMmarket [Deleted]

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

    • Public Sector Entities [Deleted]

      Deleted by RM/2018-4 (as from 1st August 2018).

    • pure protection contract

      means a long term insurance contract that meets all of the following conditions:

      (a) the benefits under the contract are payable only on death or for incapacity due to injury, sickness or infirmity;
      (b) the contract has no surrender value, or the consideration consists of a single premium and the surrender value does not exceed that premium;
      (c) the contract makes no provision for its conversion or extension in a way that would result in it ceasing to comply with paragraph (a) or (b);
      (d) the contract is not a reinsurance contract.
      Amended by QFCRA RM02/2009 (as from 6th December 2009).