FEATURED INSIGHTS

The definition of an Investment Fund Management Business encompasses Licensees that provide discretionary investment management services in relation to domestic or foreign “Investment Funds”. It includes making investment, divestment and risk related decisions on behalf of an Investment Fund Core Income Generating Activities (CIGA’s) • Taking decisions on the holding and selling of investments • Calculating Risk and Reserves • Taking decisions on currency or interest fluctuat

Definition To undertake a Shipping Business, a Licensee must operate one or more ships in international traffic, for the transport of either passengers, cargo or both. Excluded from definition: • vessels used for fishing; • vessels that are “small” (i.e. tonnage does not exceed ten tonnes); and • leisure vessels (e.g. cruise ships and private yachts). Core Income Generating Activities (CIGA’s) • Managing crew (including hiring, paying and overseeing crew members) • Overhaulin

Distribution and Service Centre Business means a centre that carries any of the following businesses: purchasing from a Foreign Group Company component parts or materials for goods; or goods ready for sale, and reselling such component parts, materials or goods providing consulting, administrative or other services to Foreign Group Company Core Income Generating Activities A Distribution and Service Centre Business performs any of the following activities: transporting and st

Holding Company Business is a business that  has as its sole function the acquisition and holding of shares or equitable interests in other companies, and only earns dividends and capital gains from its equitable instruments Core Income Generating Activities (CIGA) The CIGAs of a Holding Company Business are all activities related to acquiring and holding shares or equitable interests in other companies, provided such activities do not constitute another Relevant Activity.