Active NFE means any NFE that meets any of the following criteria:
Active NFE. Means any Non-Financial Entity that meets any of the following criteria:
Active NFE means any NFE that meets any of the following criteria:less than 50% of the NFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; the stock of the NFE is regularly traded on an established securities market or the NFE is a Related Entity of an Entity the stock of which is regularly traded on an established securities market; the NFE is a Governmental Entity, an International Organisation, a Central Bank, or an Entity wholly owned by one or more of the foregoing; substantially all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an Entity does not qualify for this status if the Entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; the NFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFE does not qualify for this exception after the date that is 24 months after the date of the initial organisation of the NFE; the NFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganising with the intent to continue or recommence operations in a business other than that of a Financial Institution; the NFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or the NFE meets all of the following requirements: it is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purpos...
Examples of Active NFE in a sentence
Please further indicate the type of Active NFE that describes your organization.
More Definitions of Active NFE
Active NFE under CRS- means and includes entities that are publicly traded (or related to a publicly traded Entity), Governmental Entities, International Organisations, Central Banks, or a holding NFEs of nonfinancial groups. “Agreement” - means this GTN Asia Financial Services Brokerage Services Agreement between GTN ASIA and the Client including the exhibits, schedules, appendices, annexes, addendums, side letters, communications between the parties and any other document expressly incorporated in this Agreement (each as amended from time to time with the agreement of the Parties).
Active NFE means any NFE that meets any of the following criteria, namely:-
Active NFE means any Nfe where—
Active NFE. An NFE is an Active NFE if it meets any of the criteria listed below. In summary, those criteria refer to: • active NFEs by reason of income and assets; • publicly traded NFEs; • Governmental Entities, International Organisations, Central Banks, or their wholly owned Entities; • holding NFEs that are members of a nonfinancial group; • start-up NFEs; • NFEs that are liquidating or emerging from bankruptcy; • treasury centres that are members of a nonfinancial group; or • non-profit NFEs. An entity will be classified as Active NFE if it meets any of the following criteria:
Active NFE means a Nfe where—
Active NFE means any NFE that meets any of the criteria listed below. In summary, those criteria refer to:
Active NFE means the entity meets any of the criteria listed below. In summary, those criteria refer to: