Licensed Firm definition

Licensed Firm means a person licensed by the QFCA to engage in Non-Regulated Activities in or from the QFC, and that is not an Authorised Firm.
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Licensed Firm means a business entity, regardless of method of organization, which holds a valid private security services business license issued by the department.
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Licensed Firm means an adjusting firm, agency or managing general agent; (cabinet autorisé)
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Examples of Licensed Firm in a sentence

  • Suitability and Competence A Licensed Firm should carry out appropriate investigations as to skill, experience, background and qualifications of that individual having regard to the nature and complexity of the relevant Registered Function in the context of the Non-Regulated Activities carried on by the Licensed Firm.

  • Training and Supervision A Licensed Firm must implement appropriate procedures to ensure that an individual it has assessed as competent is and remains competent taking into account the functions they perform and any changes to the products and services offered by the Licensed Firm and the types of Client with which the Licensed Firm deals.

  • An individual may carry on more than one Registered Function for a Licensed Firm provided that the Licensed Firm is satisfied that the performance of such Registered Functions does not give rise to any internal or external conflicts of interest and is appropriate having regard to the nature, scale and complexity of the business carried on by that Licensed Firm.

  • Multiple Appointments An individual may carry on Registered Functions for more than one Licensed Firm provided that: each such Licensed Firm confirms to the QFCA: that it is aware of the Registered Functions which that individual carries out for any other Licensed Firm; that it is satisfied that no conflict of interest will arise from the performance by that individual of those Registered Functions for such other Licensed Firm; and the QFCA is satisfied that no such conflicts of interest will arise.

  • In assessing the suitability of an individual to perform a Registered Function a Licensed Firm should have regard to all relevant factors including matters which may impact on that individual's fitness and propriety.

  • Senior Executive Function The Senior Executive Function is the function of having overall responsibility alone or jointly with one or more individuals: for the conduct of the whole of the business of a Licensed Firm; or in the case of a Non-Local Licensed Firm, for the business of the Licensed Firm carried out in or from the QFC.

  • Licensed Firm's Assessment of Individuals Before registering an individual as conducting a Registered Function with the QFCA, a Licensed Firm must make reasonable enquiries as to an individual's fitness and propriety to carry out a Registered Function.

  • When making an assessment of an individual to determine the fitness and propriety of the individual, a Licensed Firm should have regard to the individual's: honesty, integrity and reputation; competence and capability; and financial soundness.

  • Application This General Rule 16 applies to a Licensed Firm that is conducting or intends to conduct the Professional Services below in or from the QFC.

  • If more than one individual is appointed to perform the Registered Functions listed in General Rule 11.2.1 (A) and (B), the Licensed Firm must ensure that the allocation of responsibility clearly avoids duplication or omission.


More Definitions of Licensed Firm

Licensed Firm is added and means a company, partnership, corporation, sole proprietorship, association, or other business entity that performs lead-based paint activities to which the department has issued a license approval pursuant to North Dakota Administrative Code chapter 33.1-15-24.
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Licensed Firm means a Licensed Person who is obliged to comply with these Rules,
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Licensed Firm means a person authorized by the department within its categories and classifications to operate as a commercial or noncommercial firm within the state;
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Licensed Firm means any legal person authorised to undertake the business related to dealing in and giving advice on the capital market products under the Laws and Regulations of the Recognised ACMF member;
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Licensed Firm means any firm licensed by the Director General of SECC to conduct any securities business as defined in the Annex of Law on Issuance and Trading of Non-Government Securities.
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Licensed Firm means a body corporate, partnership or unincorporated association which has been granted and continues to hold a Licence granted by the QFCA.
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Related to Licensed Firm

  • Licensed Technology means the Licensed Patents and the Licensed Know-How.

  • Licensee means the holder of a licence;

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.

  • Licensed Trademarks means the trademarks, service marks, trade dress, logos and other icons or indicia designated by SCEA in the SourceBook 2 or other Guidelines for use on or in connection with Licensed Products. Nothing contained in this Agreement shall in any way grant Publisher the right to use the trademark "Sony" in any manner. SCEA may amend such Licensed Trademarks from time to time in the SourceBook 2 or other Guidelines or upon written notice to Publisher.