INMA 5.2.4 Eligible third parties

In these rules:

eligible third party means:

(a) an authorised firm (other than an eligible bank); or
(b) an entity for which all of the following requirements are satisfied:
(i) it is authorised (however described) under the law of a jurisdiction outside the QFC to carry on any business of a similar nature to investment and advisory business;
(ii) it is principally regulated for prudential purposes by an overseas regulator in the jurisdiction;
(iii) the Regulatory Authority has not, by notice, declared that this definition does not apply to the jurisdiction.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).