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 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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Examples of Licensed Firm in a sentence

  • A Licensed Firm may not assess an individual as competent to perform the Money Laundering and Terrorist Financing Reporting Function unless it is satisfied that the individual has adequate knowledge of the AML/CFT Law and AML/CFT Rules.

  • 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.

  • 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.

  • 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.

  • 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.

  • A Licensed Firm must not register an individual to conduct a Registered Function if it has reasonable grounds to believe that the individual is not fit and proper to carry out the Registered Function.

  • 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.

  • 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 means an adjusting firm, agency or managing general agent; (cabinet autorisé)
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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 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 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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Related to Licensed Firm

  • Licensed Field of Use means all fields.

  • Licensed Nurse means an Oregon licensed practical or registered nurse.

  • Licensee has the meaning set forth in the preamble.

  • 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.

  • Licensed physician means a person licensed to practice

  • 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.

  • Licensed Professional Engineer means a person acceptable to Buyer in its reasonable judgment who (a) is licensed to practice engineering in California, (b) has training and experience in the power industry specific to the technology of the Project, (c) has no economic relationship, association, or nexus with Seller or Buyer, other than to meet the obligations of Seller pursuant to this Agreement, (d) is not a representative of a consultant, engineer, contractor, designer or other individual involved in the development of the Project or of a manufacturer or supplier of any equipment installed at the Project, and (e) is licensed in an appropriate engineering discipline for the required certification being made.