Investment Entity Wholly Owned by Exempt Beneficial Owners. An Entity that is a Gibraltar Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
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Samples: International Tax Compliance Agreement, Agreement to Improve International Tax Compliance, Non Reporting Financial Institutions and Exempt Products
Investment Entity Wholly Owned by Exempt Beneficial Owners. An Entity that is a Gibraltar Panamanian Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
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