Section 2
In these Regulations, unless the context otherwise requires 385
of Anti-Terrorism (Terrorist Financing) Regulations, 2013
"competent authority" means the authority determined by the Government, to perform the duty referred to, and for the purposes of, regulations 12(1)
and 14{a);
"designation"
means a designation made by the
Minister under regulation 6(1) or 7(1L as the case may be;
"financial services" means any service of a financial nature and includes-
{a) insurance-related services consisting of
(i)
direct life assurance;
(ii)
direct insurance other than life assurance;
(iii)
reinsurance and retrocession;
(iv)
insurance intermediation, such as brokerage and agency;
(v)
services auxiliary to insurance such as consultancy, actuarial, risk assessment and claim settlement services;
{b)
banking and other financial services consisting of
(i)
accepting deposits and other repayable funds;
(ii)
lending including consumer credit, mortgage credit, factoring and financing of commercial transactions;
(iii)
financialleasing;
(iv)
payment and money transmission services including credit, charge and debit cards, travellers' cheques and bankers'
drafts;
(v)
providing guarantees or commitments;
(vi)
financial trading;
(vii)
participating in issues of any kind of securities including underwriting and placement as an agent, whether publicly or privately, and providing services related to such issues;
(viii)
money brokering;
(ix)
asset management, such as cash or portfolio management, all forms of collective investment management, pension fund management, custodial, depository and trust services;
(x)
settlement and clearing services for financial assets including securities, derivative products and other negotiable instruments;
(xi)
providing or transferring financial information, and financial data processing or related software (but only by suppliers of other financial services);
(xii)
providing advisory and other auxiliary financial services in respect of any activity listed in sub-paragraphs (i) to (xi)
including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy;
.. financial trading" means trading for own account or for account of customers, whether on an investment exchange, in an over-the-counter market or otherwise, in-
{a}
money market instruments including cheques, bills and certificates of deposit;
(b)
foreign exchange;
386
{c}
derivative products including futures and options;
fdJ exchange rate and interest rate instruments including products such as swaps and forward rate agreements;
{e)
transferable securities;
{fJ other negotiable instruments and financial assets including bullion;
"freeze" means to prohibit the transfer, conversion, disposition or movement of property and includes the prevention of the use, alteration, movement, transfer, selling, hiring, mortgaging and access;
"freezable property" means property that is owned or controlled by a designated person;
"frozen account" means an account with a relevant institution which is held or controlled, directly or indirectly, by a designated person;
"List" means the Al-Qaida Sanctions List or the 1988 Sanctions List, as the case may be;
"Resolution 1452" means Resolution 1452 (2002) of the United Nations
Security Council adopted on 20th December 2002;
"Resolution 1730" means Resolution 1730 (2006) of the United Nations
Security Council adopted on 19th December 2006;
"Resolution 1735" means Resolution 1735 (2006) of the United Nations
Security Council adopted on 22nd December 2006;
"Resolution 1904" means Resolution 1904 (2009) of the United Nations
Security Council adopted on 17th December 2009;
"United Nations Security Council Sanctions Committee" means the Al-Qaida
Sanctions Committee established by Resolution 1267 and Resolution 1989 or the 1988 Sanctions Committee established by Resolution 1988, as the case may be.