Article 157 - Definitions
The following words and phrases shall where the context permits have the meanings shown against each of them:
Address |
in relation to a
(A) if an individual, his usual residential address; and
(B) if an
|
Affiliated Company |
any |
Authorised Firm | a person that has been granted an authorisation in accordance with Part 5 of the Financial Services Regulations |
Body Corporate |
any body corporate, whether incorporated or constituted in the |
Branch |
a branch of a |
Business | includes every trade, profession and occupation |
Business Day |
a day on which banks are open for ordinary business in the |
Cell |
a |
Cell Shares |
|
Cell Share Capital |
the proceeds of issue of |
Cellular Assets |
the assets of a |
Collective Investment Fund |
a fund which is a |
Company |
a company incorporated in the |
Council of Ministers |
the Council of Ministers of the |
CRO | the Companies Registration Office established pursuant to Article 7 of the QFC Law |
Data Protection Regulations and Rules | The QFC Data Protection Regulations of 2005 and the rules issued pursuant to them. |
Document | includes any document in writing, including, where permitted, a document in writing in electronic form |
Entity |
a |
Financial Services Regulations | the QFC Financial Services Regulations of 2005 |
Group |
with respect to an
(A) that
(B) any
(C) any
|
Holding Company |
an |
IFRS | International Financial Reporting Standards |
Insolvency Regulations | the QFC Insolvency Regulations of 2005 |
Insurer |
a |
Liabilities | includes any amount reasonably necessary to retain for the purpose of providing for any liability or loss which is either likely to be incurred or certain to be incurred but uncertain as to the amount or as to the date on which it will arise |
LLC |
a limited liability company incorporated under these |
Member |
a member of a |
Minister |
the Minister of Finance of the |
Name |
in relation to a
(A) if an individual, his forename and surname (or, in the case of a person usually known by a title, his title instead of or in addition to either or both his forename and surname); and
(B) if an
|
Nominal Capital |
the par value of a |
Non-Cellular Assets |
the assets of a |
Non-QFC Company |
a |
Officer |
any director or secretary of a |
Ordinary Resolution |
a resolution passed by simple majority of such |
PCC | a company incorporated as, or converted into, a protected cell company in accordance with the provisions of Part 4 of these Regulations |
Prescribed Fee |
a fee prescribed in rules made or approved by the |
Prescribed Form |
a form prescribed by or approved by the |
Principal Representative |
a person appointed under Article 117(2)(A) of these |
QFC | the Qatar Financial Centre |
QFC Authority | the Qatar Financial Centre Authority established pursuant to Article 3 of the QFC Law |
QFC Civil and Commercial Court |
The Civil and Commercial court established purasuant to the |
QFC Law | Law No.(7) of 2005 of the State as amended by Law No.(2) of 2009 and Law No.(14) of 2009 |
Records |
|
Registrar |
the |
Regulations |
Regulations enacted by the |
Regulatory Authority |
the |
Regulatory Tribunal |
the tribunal established by the |
Schedule |
a schedule to these |
Security Regulations | the QFC Security Regulations of 2011 |
Share |
a share in the capital of a |
Special Resolution |
a resolution passed by at least 75% of such |
State | the State of Qatar |
Subsidiary |
an
(A) holds a majority of the voting rights in the first
(B) is a member of the first
(C) has the right to exercise a dominant influence over the management and operation of that other
(i) provisions contained in the constitutive documents of that other
(ii) any contractual arrangement relating to the management and operation of that other
(D) is a member of the first
or if the first
|
Support Services Provider |
a body corporate, partnership or limited liability partnership approved by the |
Transaction | for the purposes of Part 4 of these Regulations, anything (including, without limitation, any agreement, arrangement, dealing, disposition, circumstance, event or relationship) whereby any liability arises or is imposed; and cognate expressions shall be construed accordingly |
UK GAAP | generally accepted accounting principles in the United Kingdom |
US GAAP | generally accepted accounting principles in the United States |
Wholly Owned Subsidiary |
an
(A) the second
(B) wholly owned subsidiaries of, or persons acting on behalf of, the second
|
Amended (as from 5th April 2015). |