(b) any payment of management fees. (2) A distribution or payment of management fees must be made within the period, if any, stated in the written consent given by the Regulatory Authority. (3) Subrule (1) (b) does not apply to management fees payable under a notifiable contract under rule 10.3.2. Glossary (see r 1.1.3) means an authorisation granted under the authorisation Financial part 5. Services Regulations, (or means a person that has an authorisation. authorised firm firm) and are defined in this glossary. Note Person authorisation means a day that is not a Friday, Saturday, or a public business day or bank holiday in Qatar. has the meaning given in rule 1.2.2. captive insurance business has the meaning given in rule 1.2.8. captive insurance management has the meaning given in rule 1.2.7. captive insurance manager means the regulated activity carrying out contracts of insurance described in the schedule 3, part 2, Financial Services Regulations, paragraph 3. is defined in this glossary. Note Regulated activity of a contract of insurance, means a category under the category, schedule 3, part 3, paragraph 10. Financial Services Regulations, means a firm which arranges to transfer all or part of the risk cedent undertaken under a contract of insurance to another insurer, in order to reduce its exposure. is also known as reinsured. Note Cedent means a cell created by a protected cell company for the cell purpose of segregating and protecting cellular assets in the manner provided by the Companies Regulations.
(b) any payment of management fees. (2) A distribution or payment of management fees must be made within the period, if any, stated in the written consent given by the Regulatory Authority. (3) Subrule (1) (b) does not apply to management fees payable under a notifiable contract under rule 10.3.2. Glossary (see r 1.1.3) authorisation means an authorisation granted under the Financial Services Regulations, part 5. authorised firm (or firm) means a person that has an authorisation. Note Person and authorisation are defined in this glossary. business day means a day that is not a Friday, Saturday, or a public or bank holiday in Qatar. captive insurance business has the meaning given in rule 1.2.2. captive insurance management has the meaning given in rule 1.2.8. captive insurance manager has the meaning given in rule 1.2.7. carrying out contracts of insurance means the regulated activity described in the Financial Services Regulations, schedule 3, part 2, paragraph 3. Note Regulated activity is defined in this glossary. category, of a contract of insurance, means a category under the Financial Services Regulations, schedule 3, part 3, paragraph 10. cedent means a firm which arranges to transfer all or part of the risk undertaken under a contract of insurance to another insurer, in order to reduce its exposure. Note Cedent is also known as reinsured. cell means a cell created by a protected cell company for the purpose of segregating and protecting cellular assets in the manner provided by the Companies Regulations.
QFCRA_8125_VER4.docx