For the purposes of Rule LR-1.3.1, carrying on a regulated banking service by way of business means:
(a) Undertaking the regulated banking service of (a), plus any of the activities (b) to (o), as defined in Section LR-1.3, for commercial gain;
(b) Holding oneself out as willing and able to engage in such activities; or
(c) Regularly soliciting other persons to engage in transactions constituting such activities.
Amended: October 2018
Amended: October 2010
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