Back Custom print Link Text Only Rich Text Print

  • [ E ]

    • Eligible Third Party

      An eligible third party refers to:

      (a) An exchange;
      (b) A clearing house; or
      (c) An intermediate broker.
      Amended: January 2011
      Amended: July 2007

    • Executive director

      Means a director who is an officer or employee, or is otherwise involved in day-to-day management, of either:

      (a) The investment firm licensee;
      (b) Another company which is a controller of the investment firm licensee;
      (c) Another company of which the investment firm licensee is a controller; or
      (d) Another company which is controlled by a controller of the investment firm licensee.

      In this definition, the word "company" which is a controller of the investment firm excludes sovereigns such as government owned entities and government ministries.

      Amended: April 2011
      Added: January 2011

    • Expert investor

      Defined in Rule BC-2.2.9. Expert investors are:

      (a) Individuals who have a minimum net worth (or joint net worth with their spouse) of USD 100,000, 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 100,000; or
      (c) Governments, supranational organisations, central banks or other national monetary authorities, local authorities and state organisations.
      Amended: Oct 09
      Added: July 08