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  • [ S ]

    • Senior Manager/Management

      Refers to individuals occupying the position of CEO or head of function.

      Added: January 2011

    • Shareholders

      (a) In relation to a share which is represented by a bearer certificate, the person who holds the certificate; or
      (b) In relation to a share that is not represented by a bearer certificate, the person whose name is entered on the register in relation to the share.
      Amended: January 2011
      Amended: July 2007

    • Shares

      A share or stock in the share capital of an enterprise, whether incorporated or unincorporated, but excluding units in collective investment undertakings.

    • Soft dollar agreement

      An agreement in any form under which an investment firm licensee receives goods or services in return for regulated investment services put through or in the way of another person.

    • Specialised Licensee

      A person licensed under Volume 5 of the CBB Rulebook (when issued). Until such time, a CBB licensee not licensed under any of Volume 1, 2, 3, 4 or 6 of the CBB Rulebook.

      Amended: July 2007

    • Subsidiary or Subsidiary undertaking

      A company or other enterprise controlled by another company or enterprise (the parent or the holding company), including any other legal entity or other forms such as contractual or management agreements, where the licensee exercises a majority shareholding or has majority voting control by virtue of direct ownership or by proxy/nominee arrangements or such other control mechanism as determined by the CBB.

      Amended: July 2013
      Amended: Oct 09

    • Swaps

      A financial contractual agreement between two parties to exchange (swap) a set of payments that one party owns for a set of payments owned by the other party.