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    • Account Information Service

      An 'account information service' is an online service which provides consolidated information to a customer on one or more accounts held by that customer with licensees maintaining customer accounts.

      Added: December 2018

    • Account Information Service Provider or AISP (s)

      A person licensed by the CBB to undertake the activity of providing account information services online.

      Added: December 2018

    • Accredited Investor

      Accredited investors are:

      (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 1,000,000, excluding that person's principal place of residence;
      (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 1,000,000; or
      (c) Governments, supranational organisations, central banks or other national monetary authorities, and state organisations whose main activity is to invest in financial instruments (such as state pension funds).
      Added: December 2018

    • Administrator(s) licensee(s)/license

      A person licensed under Volume 5_Administrator of the CBB Rulebook to undertake regulated administration services as defined in Paragraph AU-1.1.11 or AU-1.1.12.

      Added: January 2011

    • Ancillary Service Provider(s) or Ancillary Service Provider Licensee(s)

      A person licensed under Volume 5 of the CBB Rulebook to undertake regulated ancillary services. These licensees are referred to as 'financial sector support institutions' under Article 1 of the CBB Law.

      Added: April 2016

    • Appointed Expert(s)

      A duly qualified individual or firm appointed by the CBB to carry out inspections in accordance with Article 114 of the CBB Law or special investigations of licensees in accordance with Article 121 of the CBB Law. Appointed Experts are appointed in addition to the CBB's own officials. Examples of Appointed Experts are reporting accountants, lawyers, expert witnesses and independent actuaries.

      Amended: January 2011

    • Approved Person(s)

      Persons undertaking certain functions in relation to CBB specialised licensees require prior CBB approval. These functions (called "controlled functions") include directors and members of senior management. The controlled functions regime supplements the licensing regime by ensuring that key persons involved in the running of specialised licensees are fit and proper. Those authorised by the CBB to undertake controlled functions are called approved persons (see Paragraph AU-A.1.2; Section AU-1.3 for ancillary service providers).

      Amended: April 2016

    • Associate(d)

      A company or other enterprise, which is not a subsidiary or joint venture, over which the licensee has significant influence. Significant influence means the power to participate in financial and operating policy decisions. Such influence is presumed to exist if the licensee owns more than 20 percent of the associate.

      Added: January 2014

    • Authorised person(s)

      A person authorised either as a CBB licensee or an Approved Person.

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